Expenses Incurred Solely for Indian business do not fall u/s 44C of Income Tax Act on Deduction of Head Office Expenses for Non-Residents: Delhi HC [Read Order]

Expenses Incurred Solely for Indian business - Income Tax Act - Deduction -Expenses - Indian business - Head Office Expenses for Non-Residents - Delhi HC - taxscan

The Delhi High Court recently ruled that the expenses incurred solely for Indian business do not fall under Section 44C of the Income Tax Act, 1961 on deduction of head office expenses for non-residents. The respondent in the present matter is Standard Chartered Grindlays Pty Ltd, By the present appeal, the challenge is laid to…

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