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Reimbursement of travel exp. to NR for its employee deputed in India providing technical assistance wasn’t ‘FTS’

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  • Reimbursement of travel exp. to NR for its employee deputed in India providing technical assistance wasn’t ‘FTS’
Posted onon June 20, 2017

Tenet Tax Daily June 20 2017

By tenettax-team
Corporate Tax, International Tax

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Appeal before CIT was to be admitted on basis of original return if revised return wasn’t a valid return
Loss incurred under forward exchange contracts was allowable business exp. as it wasn’t a speculative loss

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