Reimbursement claimed on welfare expenses incurred by multinationals in India outside gamut of tax: ITAT

Tax tribunal lays out ground rules for taxing such expenses, should benefit Indian arms amidst Covid pandemic. It said that there should be a one-to-one direct correlation between the outgo of the payment and inflow of the receipt. Secondly, the receipt and payment must be of identical amount that is without the profit element.

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