Ceiling u/s. 44C applies to Expenses not directly attributable to Indian Branch

IN THE ITAT MUMBAI BENCH ‘L’ Deputy Commissioner of Income-tax, Special Range 27, Mumbai Versus Banque Indosuez (Known as Credit Agricole Indosuez) IT Appeal Nos. 3098 (Mum.) of 2000, 4520, 5040, 7919 and 7993 (Mum.) of 2004 & 2270 & 2464 (Mum.) of 2005 CO. NO. 156 (Mum.) of 2000 [Assessment years 1994-95, 1998-99 to 2000-01] Date of Pronouncement – September 21, 2012 ORDER 1. This batch of eight appeals involves assessment years 1994-95, 1998-99, 1999-2000 and 2000-2001. Since some of the issues raised in these appeals are common we are, therefore, d...