&K : Stalling Registration of Sale Deed over Pending Clarification from Higher Auth. Not Acceptable || GujHC : Without Proving Acc. Holder’s Hand in Criminal Case Freezing Acc against Fundamental Right || Mad HC :Waqf Board Can’t Take Control over Every Grave of Dargah Automatically || Del HC : Remove Posts Calling Sitting Judge “Murderer” || Mad HC :Waqf Board Can’t Take Control over Every Grave of Dargah Automatically || Supreme Court: Seeks CBSE Reply on Gulf Students’ Plea || Bombay HC: Anticipatory Bail Rejected in Film Role Rape || Delhi HC: Fresh Bar Council Polls Denied Over Allegations || Delhi HC: Seeks Responses on CBSE OSM Evaluation Dispute || Kerala HC: Persons With Down Syndrome Get Protection and Guardianship under National Trust Act, 1999

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 :