https://www.taxtmi.com/highlights?id=76247 Accrual of income - Reimbursement of expenses treated as income of the Assessee - Application of Markup on Reimbursement Expenses: The contentious issue was whether the Assessee should apply a markup on these reimbursement expenses. The Commissioner had directed a 13% markup, a decision that was challenged. The Tribunal remanded this issue back to the Commissioner for a detailed examination of whether the Assessee's role was merely as a conduit or if it played a significant role that could justify the markup. en-us Mon, 01 Apr 2024 20:42:59 +0530 Mon, 01 Apr 2024 20:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76247 Accrual of income - Reimbursement of expenses treated as income of the Assessee - Application of Markup on Reimbursement Expenses: The contentious issue was whether the Assessee should apply a markup on these reimbursement expenses. The Commissioner had directed a 13% markup, a decision that was challenged. The Tribunal remanded this issue back to the Commissioner for a detailed examination of whether the Assessee's role was merely as a conduit or if it played a significant role that could justify the markup. Highlights Income Tax Mon, 01 Apr 2024 20:42:59 +0530 https://www.taxtmi.com/highlights?id=76247