https://www.taxtmi.com/caselaws?id=418078 The Tribunal held that reimbursements in the nature of material and fuel recharge are taxable under section 44 BB of the Income Tax Act, dismissing the appeal. Regarding receipts for demobilization advance, the Tribunal upheld the decision based on previous case law. For interest income, the Tribunal ruled in favor of the appellant, stating that the income should be taxed under the provisions of the Indo-US DTAA and not at the Maximum Marginal Rate of 40%. The appeals of the assessee were partly allowed. en-us Fri, 28 Jan 2022 00:00:00 +0530 Mon, 07 Feb 2022 22:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418078 The Tribunal held that reimbursements in the nature of material and fuel recharge are taxable under section 44 BB of the Income Tax Act, dismissing the appeal. Regarding receipts for demobilization advance, the Tribunal upheld the decision based on previous case law. For interest income, the Tribunal ruled in favor of the appellant, stating that the income should be taxed under the provisions of the Indo-US DTAA and not at the Maximum Marginal Rate of 40%. The appeals of the assessee were partly allowed. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418078