https://www.taxtmi.com/caselaws?id=347347 Cost reimbursement credits could not be taxed again in the relevant assessment year where the underlying expenditure had already been withdrawn from deduction and offered to tax in an earlier year; the later credit was only an accounting adjustment and did not create fresh income. The Tribunal, however, treated the agreed transfer-pricing mark-up as revenue income arising in the year and taxable on that basis. The additions of the reimbursement-related credits were deleted, while the mark-up addition was sustained. en-us Wed, 12 Jul 2017 00:00:00 +0530 Thu, 31 Aug 2017 09:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347347 Cost reimbursement credits could not be taxed again in the relevant assessment year where the underlying expenditure had already been withdrawn from deduction and offered to tax in an earlier year; the later credit was only an accounting adjustment and did not create fresh income. The Tribunal, however, treated the agreed transfer-pricing mark-up as revenue income arising in the year and taxable on that basis. The additions of the reimbursement-related credits were deleted, while the mark-up addition was sustained. Case-Laws Income Tax Wed, 12 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347347