Supreme Court: Section 17A PC Act Does Not Cover Bribe Demands Unrelated to Official Duty  ||  Supreme Court Directs Centre to Promote Interim Compensation Scheme for Road Accident Victims  ||  Karnataka High Court Upholds Homicide Charge Against Father for Letting Minor Son Drive  ||  Karnataka High Court Grants Bail to Pan Masala Maker in Rs. 42 Crore Cess Evasion Case  ||  Karnataka High Court: Advocates Practising Without Clearing AIBE May Face Criminal Action  ||  Allahabad HC Orders Scrutiny of UP Basic School Teachers’ Educational and Appointment Records  ||  AP HC: Fabricated Sale Agreements and Breach of Property Undertaking Constitute Perjury  ||  Supreme Court: State Cannot Acquire Temple Property Through Gift Deed  ||  Supreme Court: HC Registry Should Exclude Court Vacations When Listing Cases After Fixed Days  ||  Supreme Court Flags Stark Non-Compliance With Directions on CAPF Cadre Review    

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 2026 - All Rights Reserved