TMI BlogIndian Branch Expenses by Head Office Must Be Allowed Under IT Act Section 37(1), Irrespective of Section 44C.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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|