Notional Interest Income on Loan, would be assessable as Income of assessee having Business Connection/PE in India: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai held that the notional interest income on the loan (interest-free) that was advanced by the assessee to its AE in relation to Abacus Distribution System (India) Ltd. (ADSIL) would be assessable as the income of the assessee which has a business connection or Permanent Establishment (PE) in India. […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2AOJ9wu