American Express (India) Wins Tax Battle: ITAT Delhi Grants Relief on Relocation Expenses

American Express (India) Pvt. Ltd. Vs JCIT (ITAT Delhi) Introduction: The ITAT Delhi recently ruled on the cross appeals between American Express (India) Pvt. Ltd. and JCIT. The primary focus was on the disallowance of relocation expenses under section 40(a)(i) of the Income Tax Act for the assessment year 2014-15. Detailed Analysis: The case revolved around the reimbursement of relocation expenditure to American Express Travel Related Services Company Inc., USA (AETRSCO). While the assessee deducted tax on salary expenses, the Assessing Officer contended that tax should also apply to certain ...