https://www.taxtmi.com/caselaws?id=218074 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the attribution of expenses of representatives of Australian Educational Institutions and head office expenses to the Liaison Office. These expenses were excluded from the cost base for computing profit. The ground related to penalty proceedings was dismissed as non-appealable and not argued by the assessee's counsel. en-us Fri, 18 May 2012 00:00:00 +0530 Sat, 03 Nov 2012 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218074 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the attribution of expenses of representatives of Australian Educational Institutions and head office expenses to the Liaison Office. These expenses were excluded from the cost base for computing profit. The ground related to penalty proceedings was dismissed as non-appealable and not argued by the assessee's counsel. Case-Laws Income Tax Fri, 18 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218074