Reimbursement of cost received by assessee, cannot be treated as FTS

Shangri-La International Hotel Management Pte Vs ACIT (ITAT Delhi) The next common issue arising for consideration is taxability of reimbursement of expenses as FTS both under the provisions of the Act as well as India-Singapore DTAA. As could be seen from the draft assessment order, alleging that the assessee did not provide the break up of reimbursement and copy of bank statement the Assessing Officer treated the reimbursement of expenses as FTS. Though, the assessee raised objection before learned Dispute Resolution Panel against the aforesaid decision of the Assessing Officer, however, wit...