{"id":1243,"date":"2018-06-09T10:16:30","date_gmt":"2018-06-09T10:16:30","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ernst-young-ltd-v-acit-international-taxation-www-itatonline-org\/"},"modified":"2019-05-12T16:51:26","modified_gmt":"2019-05-12T16:51:26","slug":"ernst-young-ltd-v-acit-international-taxation-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ernst-young-ltd-v-acit-international-taxation-www-itatonline-org\/","title":{"rendered":"Ernst &#038; Young Ltd. v. ACIT (IT) (2018) 94 taxmann.com 227 ( Mum) (Trib), www.itatonline.org"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that a<strong>non- resident assessee is entitled to claim deduction of an amount equal to 5% of the adjusted total income as expenditure in the nature of Head Office (HO) Expenses. The fact that the expenses are not debited in the Profit &amp; loss account or the books of account is irrelevant. The entries in the books of account are not conclusive<\/strong><strong>.<\/strong>(ITA Nos.6561 &amp; 6562\/Del\/2016, dt. 31.05.2018)(AY. 2012-12, 2013-14)<\/p>\n<p><strong><a href=\"http:\/\/itatonline.org\/archives\/wp-content\/uploads\/Ernst-Young-44C.pdf\">[Click here to download PDF file]<\/a>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 44C: Non-residents &#8211; Head office expenditure -A non- resident assessee is entitled to claim deduction of an amount equal to 5% of the adjusted total income as expenditure in the nature of Head Office (HO) Expenses. The fact that the expenses are not debited in the Profit &#038; loss account or the books of account is irrelevant. The entries in the books of account are not conclusive [ S.145 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1243","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-k3","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=1243"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1243\/revisions"}],"predecessor-version":[{"id":5415,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1243\/revisions\/5415"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}