https://www.taxtmi.com/highlights?id=101772 Minimum alternate tax provisions under section 115JA did not apply to a banking company governed by the Banking Regulation Act before the Finance Act 2012 amendment, following the stated position on the successor provision, section 115JB. Salary paid outside India to expatriate employees posted with an Indian branch permanent establishment was not head office expenditure because the employees were employed in India; the statutory limitation on head office expenditure under section 44C therefore did not apply. The appeal proceeded only on issues concerning allocated direct expenses and NRI Desk expenses, while the other questions were not entertained. en-us Thu, 16 Jul 2026 09:07:12 +0530 Thu, 16 Jul 2026 09:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=101772 Minimum alternate tax provisions under section 115JA did not apply to a banking company governed by the Banking Regulation Act before the Finance Act 2012 amendment, following the stated position on the successor provision, section 115JB. Salary paid outside India to expatriate employees posted with an Indian branch permanent establishment was not head office expenditure because the employees were employed in India; the statutory limitation on head office expenditure under section 44C therefore did not apply. The appeal proceeded only on issues concerning allocated direct expenses and NRI Desk expenses, while the other questions were not entertained. Highlights Income Tax Thu, 16 Jul 2026 09:07:12 +0530 https://www.taxtmi.com/highlights?id=101772