https://www.taxtmi.com/caselaws?id=413623 The Tribunal allowed the appeal partly by deleting the addition of Rs. 10,61,365 as reimbursement of expenses, emphasizing that reimbursement of travel costs without profit element should not be taxed as Fees for Technical Services (FTS). The issue of incorrect tax rate application was remanded to the assessing officer for reconsideration, highlighting the misinterpretation of tax rates and failure to consider relevant regulations. The Tribunal instructed a fresh adjudication, considering RBI regulations and ensuring the assessee's opportunity to present its case. en-us Tue, 12 Oct 2021 00:00:00 +0530 Fri, 22 Oct 2021 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413623 The Tribunal allowed the appeal partly by deleting the addition of Rs. 10,61,365 as reimbursement of expenses, emphasizing that reimbursement of travel costs without profit element should not be taxed as Fees for Technical Services (FTS). The issue of incorrect tax rate application was remanded to the assessing officer for reconsideration, highlighting the misinterpretation of tax rates and failure to consider relevant regulations. The Tribunal instructed a fresh adjudication, considering RBI regulations and ensuring the assessee's opportunity to present its case. Case-Laws Income Tax Tue, 12 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413623