https://www.taxtmi.com/highlights?id=67021 TP adjustment on account of reimbursement of seafarer expenses - Revenue has only doubted the genuineness of the alleged reimbursement of expenses made by the assessee to its A.E. As noted above, the transaction is not reimbursement of expenses by the assessee to its A.E. and rather, is reimbursement of expenses by the A.E. to the assessee. - The adjustment made in respect of international transactions of reimbursement of the sea farers expenses is based on incorrect appreciation of facts. - Directed to be deleted - AT en-us Sat, 10 Dec 2022 11:13:35 +0530 Sat, 10 Dec 2022 11:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67021 TP adjustment on account of reimbursement of seafarer expenses - Revenue has only doubted the genuineness of the alleged reimbursement of expenses made by the assessee to its A.E. As noted above, the transaction is not reimbursement of expenses by the assessee to its A.E. and rather, is reimbursement of expenses by the A.E. to the assessee. - The adjustment made in respect of international transactions of reimbursement of the sea farers expenses is based on incorrect appreciation of facts. - Directed to be deleted - AT Highlights Income Tax Sat, 10 Dec 2022 11:13:35 +0530 https://www.taxtmi.com/highlights?id=67021