https://www.taxtmi.com/caselaws?id=436993 The Tribunal ruled in favor of the appellant, setting aside the order that included reimbursable expenses in the taxable value under Section 67 of the Finance Act, 1994. The decision emphasized that prior to the 2015 amendment, such expenses were not considered taxable income. The Tribunal highlighted legal precedents indicating that reimbursements for specific expenses were not to be included in the taxable value before the statutory change. The judgment concluded that the retrospective application of the law was incorrect, leading to the appeal being allowed based on established legal interpretations. en-us Mon, 17 Apr 2023 00:00:00 +0530 Tue, 25 Apr 2023 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436993 The Tribunal ruled in favor of the appellant, setting aside the order that included reimbursable expenses in the taxable value under Section 67 of the Finance Act, 1994. The decision emphasized that prior to the 2015 amendment, such expenses were not considered taxable income. The Tribunal highlighted legal precedents indicating that reimbursements for specific expenses were not to be included in the taxable value before the statutory change. The judgment concluded that the retrospective application of the law was incorrect, leading to the appeal being allowed based on established legal interpretations. Case-Laws Service Tax Mon, 17 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436993