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For deciding whether a company is resident in India, section 6(10)(b) of the Income-tax Act, 2025…

Section 6(10)(b) defines place of effective management as a place where key management and commercial decisions necessary for the conduct of business of the company as a…

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For deciding whether a company is resident in India, section 6(10)(b) of the Income-tax Act, 2025 defines "place of effective management" as

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Correct answer C

Section 6(10)(b) defines place of effective management as a place where key management and commercial decisions necessary for the conduct of business of the company as a whole are, "in substance, made". Those words mean that the formal venue of board meetings or the registered office does not settle the question. A foreign company whose effective management is in India is resident under section 6(10)(a)(ii).

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