Branch Office Profits Must Be Calculated Independently from Head Office Losses for Accurate Assessment.

Branch Office Profits Must Be Calculated Independently from Head Office Losses for Accurate Assessment. https://www.taxtmi.com/highlights?id=13272 The contention that the head office has suffered loss and hence there cannot be any profit to the branch office, the same is not acceptable as profit of the branch office has to be computed as per the income earned by it - AT en-us Wed, 03 Jul 2013 08:56:29 +0530 Wed, 03 Jul 2013 08:56:29 +0530 TaxTMI RSS Generator Branch Office Profits Must Be Calculated Independently from Head Office Losses for Accurate Assessment. https://www.taxtmi.com/highlights?id=13272 The contention that the head office has suffered loss and hence there cannot be any profit to the branch office, the same is not acceptable as profit of the branch office has to be computed as per the income earned by it - AT Highlights Income Tax Wed, 03 Jul 2013 08:56:29 +0530 https://www.taxtmi.com/highlights?id=13272