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Income Tax : Whether foreign traveling expenses is exempted under section 10B

The assessee has questioned first appellate order on several grounds involving two issues. Firstly a

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Income Tax : Arms length price for subsidiary company of a foreign based company established for supporting marketing for holding company

The facts in brief: The assessee M/sVerizon (India) P.Ltd. is a wholly owned Subsidiary of MCI World

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Income Tax : Payment made to foreign company for service rendered in the nature of business not chargeable to tax in India in the absence of permanent establishment

We have carefully considered the submissions of the rival parties and perused the material available

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Income Tax : Loss suffered in foreign exchange due to fluctuation in foreign exchange liabilities is allowable as Income Tax Act

The fact and in the circumstances of the case and in law, the Ld. CIT(A) erred in deleting the addit

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Income Tax : Branch which is not PE in respect of the business done out of the supplies made by foreign principal not taxable in India

On the facts and in the circumstances of the case and in law, the Ld. CIT(Appeals) erred in holding

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Income Tax : As per sec 10(10D) any received from the Life insurance company is eligible for deduction whether received from Indian or Foreign company

On the facts and circumstances of the case and in law, the learned Income Tax officer erred in law i

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Others : Section 11(2) of the Foreign Trade (Development and Regulati

The facts giving rise to these appeals briefly are that the appellant carries on the business of exp

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Income Tax : ALLOWABILITY OF LOSS ARISING ON ACCOUNT OF FOREIGN CURRENCY

The PSC is an independent accounting regime which includes tax treatment of costs, expenses, incomes

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Income Tax : ROLL OVER CHARGES IN RESPECT OF FOREIGN EXCHANGE FORWARD CON

the assessee is entitled to deduction of roll over charges under section 36(1)(iii) of the I.T. Act,

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Income Tax : IT pros can't avoid tax on foreign earnings

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Income Tax : Income from foreign commission

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Income Tax : The assessee is entitled to depreciation on account of capitalization of engineering service fees paid to a foreign company

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