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    <title>TAXABILITY OF EXPENDITURE IN FOREIGN CURRENCY IN THE CASE OF M/S. ONGC VIDESH LTD.</title>
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    <description>The Board states that taxability of ONGC Videsh Ltd&#039;s foreign-currency expenditures involves complex factual questions dependent on overseas contracts, joint venture agreements and the mandate of overseas formations; such factual determinations should be examined and decided by the Commissionerate, which holds the full facts, and future factual queries should not be forwarded to the Board.</description>
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      <description>The Board states that taxability of ONGC Videsh Ltd&#039;s foreign-currency expenditures involves complex factual questions dependent on overseas contracts, joint venture agreements and the mandate of overseas formations; such factual determinations should be examined and decided by the Commissionerate, which holds the full facts, and future factual queries should not be forwarded to the Board.</description>
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