TAXABILITY OF EXPENDITURE IN FOREIGN CURRENCY IN THE CASE OF M/S. ONGC VIDESH LTD.

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..... PR191/08, dated 22-7-2010 on the subject mentioned above. 2. The matter has been examined and it is observed that the said letter does not raise any question of law. The matter that has been referred in the said letter is a question of fact which has to be examined in the light of overseas contracts, joint venture agreements, mandate of OVL and its overseas formations etc. The Board is not s .....

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