https://www.taxtmi.com/caselaws?id=444337 The Tribunal ruled in favor of the respondent/assessee regarding the disallowed expenditure for Indian business outside India. It found that the expenses were directly related to the Indian operations and not general head office expenses. The interpretation of Section 44C was pivotal, with the KPMG certificate highlighting costs specifically attributable to India. This certification supported the exclusion of expenses from Section 44C, leading to the appeal being closed in favor of the respondent/assessee as no substantial question of law arose for consideration. en-us Fri, 01 Sep 2023 00:00:00 +0530 Fri, 13 Oct 2023 09:01:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444337 The Tribunal ruled in favor of the respondent/assessee regarding the disallowed expenditure for Indian business outside India. It found that the expenses were directly related to the Indian operations and not general head office expenses. The interpretation of Section 44C was pivotal, with the KPMG certificate highlighting costs specifically attributable to India. This certification supported the exclusion of expenses from Section 44C, leading to the appeal being closed in favor of the respondent/assessee as no substantial question of law arose for consideration. Case-Laws Income Tax Fri, 01 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444337