https://www.taxtmi.com/highlights?id=33515 The term “reimbursement” does not fall in the characteristics of income. No doubt the definition of ‘income’ is inclusive. This, of course, does not mean that an amount which can, by no stretch of imagination, be called income can be treated as income and taxed as such by parliament. It must have some characteristics of income as broadly understood - AT en-us Wed, 01 Mar 2017 09:05:28 +0530 Wed, 01 Mar 2017 09:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=33515 The term “reimbursement” does not fall in the characteristics of income. No doubt the definition of ‘income’ is inclusive. This, of course, does not mean that an amount which can, by no stretch of imagination, be called income can be treated as income and taxed as such by parliament. It must have some characteristics of income as broadly understood - AT Highlights Income Tax Wed, 01 Mar 2017 09:05:28 +0530 https://www.taxtmi.com/highlights?id=33515