2 July 2010,Friday Kapil Goel B.Com(H) FCA LLB Advocate Delhi ...

BHC in Krupp GmbH• It would follow a view which was favourable to theassessee, consistent with the judgment in VegetableProducts Limited The question as to whether areimbursement for expenses would form part of the taxableincome is not resintegra in so far as this Court is concerned.In Commissioner of Income Tax V/s. SiemensAktiongesellschaft5, a Division Bench of this Court heldthat it was in agreement with the view taken by the CalcuttaHigh Court in Dunlop Rubber Company Limited (supra)and by the Delhi High Court in Commissioner of IncomeTax V/s. Industrial Engineering Products (Private) Limited.