Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (9) TMI 529 - AT - Income TaxTP Adjustment - Adjustment as income in the hands of assessee company on account of deemed interest income - whether as per Article 11(1) interest paid includes interest payable or not? - Indo-Cyprus DTAA - HELD THAT:- Since, the matter stands adjudicated by various orders of the Tribunal and Hon'ble Courts that the word "paid" cannot be extended to "payable" in respect of interest under Article 11 of Indo-Cyprus treaty, we hereby allow the appeal of the assessee.
|