Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2010 (3) TMI 287 - HC - Income Tax
Sharing of expenses - Taxability of Reimbursement of expenses – levy of interest u/s 234B – , the Tribunal held that though there was a conflict between the judgment of the Kerala High Court, which was relied upon by the Commissioner of Income Tax (Appeals) and the judgment of the Calcutta High Court in the case of CIT V/s. Dunlop Rubber Company Limited {1982 (2) TMI 24 - CALCUTTA High Court} it would follow a view which was favourable to the assessee, consistent with the judgment in Vegetable Products Limited { 2008 -TMI - 6382 - SUPREME Court }. - held that: - Reimbursement of expenses are not taxable