Transaction between the head office of the assessee and its ...

Head Office and Branch Transactions in India: No Valid Sale Allowed Between Principal Entities Under Law.

May 28, 2012

Case Laws Income Tax AT

Transaction between the head office of the assessee and its branch in India was a transaction between the principal and principal. In law, there cannot be a valid transaction of sale between the branch and its head office. As it is ultimately based on a proposition that no person can enter into contract with one self. Debiting or crediting one's account cannot alter the legal position. - AT

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Transaction between the head office of the assessee and its ...

Head Office and Branch Transactions in India: No Valid Sale Allowed Between Principal Entities Under Law.

May 28, 2012

Case Laws Income Tax AT

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