2008 (3) TMI 431 - HC - Income Tax

Business Expenditure- The assessing officer made the addition on account of reimbursement of establishment costs. The Commissioner (Appeals) deleted the addition and this was confirmed by the Tribunal. Held that- in the light of the assessee s own case the tribunal was right in allowing the reimbursement of establishment cost.

Summary

The High Court of Bombay dismissed the appeal by the Revenue regarding the deletion of an addition of Rs. 9,47,13,359 made by the Assessing Officer on account of reimbursement of establishment costs for the assessment year 2000-01. The Tribunal's decision was based on its earlier orders for the assessment years 1997-98 and 1998-99, which were upheld by the court in a previous case.