Thursday, 13 February 2014

Reimbursement of actual exp. from customers to be included in gross receipts for purpose of sec. 44B

IT/ILT: Following order passed by Tribunal in assessee's own case in R & B Falcon (A) Pty Ltd. v. Addl. DIT [IT Appeal No. 5287 (Delhi) of 2011, dated 27-4-2012], it was to be concluded that amounts received by assessee from its customers as reimbursement of actual expenses incurred on their behalf, was to be included in gross receipts under section 44BB


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