ITAT directs AO to delete disallowance of salary paid overseas to expatriates of the MUFG Bank working in India by HO under India-Japan Tax Treaty

The Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to delete the disallowance of salary paid overseas to expatriates of the MUFG Bank working in India by Head Office. The assessee, MUFG Bank is a banking company incorporated in Japan and is a tax resident of Japan. The assessee is engaged in wholesale […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2FG6oLP