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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Disallowance of Ocean Freight Expenses paid by the assessee ...


Ocean Freight Expenses Paid to Non-Resident Shipping Company Governed by Section 172, Overriding Sections 194C and 195.

November 11, 2013

Case Laws     Income Tax     AT

Disallowance of Ocean Freight Expenses paid by the assessee company to a non resident shipping company - provisions of section 172 shall apply and those of Sections 194 C and 195 will not apply - AT

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