The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the interest income received by the head office of the assessee bank was not chargeable to tax in India as per the Double Taxation Avoidance Agreement (DTAA) between India and Japan. Assessee is a foreign bank incorporated in Japan and carrying out […]
The post Interest Received by Head Office of Bank from Indian Branch not Taxable in India: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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