Jurisdiction - India
News
India – Laboratory R&D Expenditure Of Foreign Head Office, Allocated To Indian Branch, Is Fully Allowable.

31 August, 2012

 

 

The Mumbai Bench of the Income-tax Appellate Tribunal held that the a laboratory expenditure incurred by the taxpayer’s head office for research and development (R&D) and allocated to its Indian branch, is fully allowable because it did not include any executive or general administration expenditure. 
 
The case is: John Wyeth & Brother Ltd. Read an August 2012 report

 

 
This article was supplied by KPMG.  

  

 

Leave a Reply

You must be logged in to post a comment.