Del. HC: Assessing Officer to Decide Whether Case is Fit for Issuance of Notice u/s 148 of IT Act  ||  Delhi HC: Under Arbitration Act, Date of Receipt of Corrected Award Would be Taken as Disposal Date  ||  MP HC: Punishment of Termination of Employee for Single Clerical Mistake ‘Excessive’  ||  Ker. HC: Can Extend Principle of Res Ipsa Loquitur to Criminal Cases Only for Assessment of Evidence  ||  P&H HC: While Adju. Pre-Arrest Bail Plea Manner in Which Accused is Arraigned in FIR is Important  ||  P&H HC: While Adju. Pre-Arrest Bail Plea Manner in Which Accused is Arraigned in FIR is Important  ||  Guj. HC: Can’t Use Nylon Threads, Cotton Threads With Glass Coating for Flying Kites  ||  Tel. HC: Parent Who is Lawful Guardian Taking Child from Custody of Other Parent is Not Kidnapping  ||  Mad. HC: Surplus Funds of Temple Cannot be used to Construct Shopping Complexes  ||  Del. HC: For Filing Additional WS After, Comm. Court Act Doesn't Prevent Appl. of Order 8 Rule 9 CPC    

ITAT, Pune: Reimbursement on Welfare Expenses Incurred by Multinationals in India Not Taxable - (18 May 2021)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Pune has said that reimbursement on welfare expenses incurred by multinationals in India shall not be taxable if two conditions are fulfilled. The Tribunal has said that there should be a one-to-one direct correlation between the outgo of the payment and inflow of the receipt, and secondly, the receipt and payment must be of identical amount that is without the profit element.

Tags : INCOME TAX APPELLATE TRIBUNAL   REIMBURSEMENT ON WELFARE EXPENSES INCURRED BY MULTINATIONALS IN INDIA  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved