Allowability of head office expenses u/s 80-IA


Last updated: 30 March 2009

Court :
ITAT, ‘A’ BENCH, KOLKATA

Brief :
Section 40C of the Act applies only in respect of Head Office expenses of a non-resident and has no application to the computation of deduction under section 80-IA; the head office expenses in the case of the non-resident as per provision of section 44C cannot be equated with the head office expenditure in the case of the resident assessee.

Citation :
ACIT v. Tide Water Oil Co. (I) Ltd. ITA No. 1791 to 1793/Kol/2007

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