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Powers of ITOs under section 142(1) of Income Tax Act, 1961.
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....lity of the head office expenses claimed by the Indian branches, has been examined by the Board in consultation with the Ministry of Law. 2. A reference to the Ministry of Law was made in the case of IBM, where a similar question had arisen for consideration. A copy of the advice of the Ministry of Law is enclosed (annex I). It will be seen that the Ministry of Law are of the view that the ITO ca....
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