https://www.taxtmi.com/caselaws?id=797464 Overseas NRI Desk costs for internal audit, financial control, information technology, human resources, operations, rent, maintenance, depreciation and advertising are characterised as executive and general administration expenses of overseas banking operations. Although connected with Indian business operations, such costs fall within the specified categories of head office expenditure rather than direct business expenditure. Their deduction is therefore restricted to the statutory ceiling applicable to head office expenditure and cannot be claimed in full. en-us Fri, 07 Aug 2026 00:00:00 +0530 Sat, 22 Aug 2026 10:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797464 Overseas NRI Desk costs for internal audit, financial control, information technology, human resources, operations, rent, maintenance, depreciation and advertising are characterised as executive and general administration expenses of overseas banking operations. Although connected with Indian business operations, such costs fall within the specified categories of head office expenditure rather than direct business expenditure. Their deduction is therefore restricted to the statutory ceiling applicable to head office expenditure and cannot be claimed in full. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797464