Relief to American Express: ITAT Allows Relocation Expenses u/s 40(a)(i) of Income Tax Act [Read Order]

ITAT grants relief to American Express by allowing the deduction of relocation expenses under Section 40(a)(i) of the Income Tax Act, 1961
Income Tax Act -ITAT- American Express - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) grants relief to American Express by allowing the deduction of relocation expenses under Section 40(a)(i) of the Income Tax Act, 1961. The assessee faced scrutiny regarding expenses related to reimbursing relocation costs to American Express Travel Related Services Company In, USA (AETRSCO). These expenses covered…

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