Tribunal held that deduction of Head Office expenditure (attributable to business of assessee in India) is allowable in accordance with provisions of section 44C, irrespective of fact, whether or not any amount is debited in books of account. (AY.2009-10, 2010-11)
Doha Bank QSC v. DCIT (2021) 187 ITD 125 / 209 TTJ 716 (Mum.)(Trib.)
S. 44C : Non-residents-Head office expenditure-Allowable whether or not any amount is debited in books of account.