Charges towards reimbursement of expenses cannot be included in income

CASE LAWS DETAILS DECIDED BY: HIGH COURT OF BOMBAY, IN THE CASE OF: DIT (Int’l Taxation) Vs. Krupp Udhe GmbH, APPEAL NO: ITA No. 2626 of 2009, DECIDED ON March 9, 2010 RELEVANT PARAGRAPH 2. The appeal by the Revenue against the order of the Income Tax Appellate Tribunal for assessment year 1998- ­1999 raises the following three questions of law : i) Whether on the facts and in the circumstances of the case and in law ITAT was justified in holding that charges towards reimbursement of expenses cannot be included in income? ii) Whether when income is taxed on gross basis...