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2006 (12) TMI 89 - HC - Income TaxAssessee, a non-resident company, has its head office at Singapore and a sole branch office in India in connection with the exploration of oil - expenses incurred by the assessee at its head office on account of administration, accounting and management services were wholly related to the Indian operations - accordingly held that section 44C IT Act will not apply – same issue has been decided in earlier decision of Calcutta & Bombay HC - no reason to take a different view in the matter
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