Tata Consultancy Services Ltd. v. Dy. CIT [2023] 154 taxmann.com 372 / (2025) 129 ITR 667 (Mum.)(Trib.)

S. 40(a)(ii) : Amounts not deductible-Rates or tax-State taxes paid overseas-Not eligible for relief under sections 90 or 91-Deduction allowable.[S.37(1), 90, 91]

The Tribunal held that State taxes paid in foreign jurisdictions, which were not eligible for relief under sections 90 or 91, were outside the scope of Explanation 1 to section 40(a)(ii). Consequently, such taxes were allowable as business expenditure. (AY. 2014-15).

Leave a Reply

Your email address will not be published. Required fields are marked *

*