Reimbursed Expenses Excluded from FTS Taxation; No Profit Element Included, Not Taxable as Fee for Technical Services.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Taxability - no profit element has been included in the expenses reimbursed - amount received by the assessee on account of reimbursement which has been received over and above the amount of FTS cannot be included and taxed as part of FTS. - AT....