The Mumbai bench of ITAT in Lloyd’s register Quality Assurance Ltd v. Dy. Commissioner of Income Tax held that no disallowance under Section 40(a)(i) can be made in payment of management charges under Section 44C of the Income Tax Act,1961. In the instant case, the assessee company is the Indian Branch of U.K based company […]
The post No disallowance u/s 40(a)(i) can be made in respect of Payment of Management Charges: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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