https://www.taxtmi.com/caselaws?id=277901 The Court dismissed the appeal challenging the taxability of profit from the USA branch, noting the lack of distinguishing features justifying a different view. The appeal on the deduction for power generation profit was also dismissed, as no substantial question of law was found. Fresh claims of expenditure were deemed irrelevant, and the Tribunal's actions in referring an additional issue back to the Assessing Officer were upheld. The allowance of expenditure by another entity was supported, as was the deduction of gratuity and leave salary from profit computation. The restoration of the sales tax exemption issue to the Assessing Officer was deemed appropriate, leading to the dismissal of the appeal without costs. en-us Tue, 27 Sep 2016 00:00:00 +0530 Fri, 28 Dec 2018 11:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277901 The Court dismissed the appeal challenging the taxability of profit from the USA branch, noting the lack of distinguishing features justifying a different view. The appeal on the deduction for power generation profit was also dismissed, as no substantial question of law was found. Fresh claims of expenditure were deemed irrelevant, and the Tribunal's actions in referring an additional issue back to the Assessing Officer were upheld. The allowance of expenditure by another entity was supported, as was the deduction of gratuity and leave salary from profit computation. The restoration of the sales tax exemption issue to the Assessing Officer was deemed appropriate, leading to the dismissal of the appeal without costs. Case-Laws Income Tax Tue, 27 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277901