Once the amount is found to be incurred exclusively by H.O. ...
Indian Branch Expenses by Head Office Must Be Allowed Under IT Act Section 37(1), Irrespective of Section 44C.
August 14, 2012
Case Laws Income Tax AT
Once the amount is found to be incurred exclusively by H.O. towards the Indian branch, the same is required to be allowed in terms of section 37(1) without any reference to section 44C. - AT
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