https://www.taxtmi.com/caselaws?id=4054 The High Court dismissed the appeals, finding that section 44C of the Income-tax Act, 1961 did not apply to a non-resident company with a head office in Singapore and a branch office in India. The court upheld the decision that the expenses incurred by the assessee at its head office were wholly related to Indian operations, emphasizing the interpretation of head office expenses attributable to Indian business under section 44C. The judgment relied on previous decisions of the Calcutta and Bombay High Courts, emphasizing the importance of maintaining consistency in interpreting taxing statutes. en-us Fri, 15 Dec 2006 00:00:00 +0530 Sat, 26 Jul 2008 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4054 The High Court dismissed the appeals, finding that section 44C of the Income-tax Act, 1961 did not apply to a non-resident company with a head office in Singapore and a branch office in India. The court upheld the decision that the expenses incurred by the assessee at its head office were wholly related to Indian operations, emphasizing the interpretation of head office expenses attributable to Indian business under section 44C. The judgment relied on previous decisions of the Calcutta and Bombay High Courts, emphasizing the importance of maintaining consistency in interpreting taxing statutes. Case-Laws Income Tax Fri, 15 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4054