Supreme Court Rejects Plea to Abolish Hanging, Says Centre Can Explore Alternative Methods || Supreme Court: Sentences With Life Imprisonment Must Run Concurrently, Not Consecutively || SC: Insurer Not Liable Beyond Sum Assured Without Advance Premium Payment || Supreme Court: Illegal Appointments Cannot Be Regularised Due to Long Service || SC: Courts Should Not Interfere Late in Tender Processes; Challenges Must Be Prompt || Delhi HC: UAPA Default Bail Triggered after 180 Days, Not 90 under BNSS || Madras HC: No Place for Caste Discrimination in Temples, God Treats All Equally || Bombay HC: Public Authorities Need Not Obtain Third-Party Information for RTI Applicants || Delhi HC Levies Rs.5 Lakh Costs on Delhi Metro Rail Corporation Limited over Sham Plea || Delhi HC: False Marriage Promise Invalidates Consent Only if it Taints Consent

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 :