2013 (6) TMI 200 - HC - Income Tax

Head office expenditure - deduction u/s 44C - held that - Tribunal has allowed the claim of the assessee by following the decision of this Court in Assessee s own case 2003 (7) TMI 6 - BOMBAY High Court . Moreover, the SLP filed by the revenue against the aforesaid decision of this Court has been dismissed by the Apex Court - Decided in favor of assessee.

Summary

The Bombay High Court dismissed the appeal by the revenue regarding the allowability of head office expenditure under section 37(1) of the Act, citing a previous decision in the assessee's favor. The Tribunal's decision was upheld based on the earlier court ruling, and the appeal was dismissed with no costs. (Case citation: 2013 (6) TMI 200 - BOMBAY HIGH COURT)