Disallowance of interest paid to Head Office - Non deduction of ...

Tribunal Allows Deduction of Interest Payments by Indian Branch to Head Office Despite Initial Tax Disallowance.

April 19, 2024

Case Laws Income Tax AT

Disallowance of interest paid to Head Office - Non deduction of TDS - assessee submitted that Assessing Officer held that interest income is taxable under DTAA at 10% in the hands of the HO and disallowed the claim of deduction on account of non-deduction of tax which is allegedly deductible at source - The tribunal allowed the deduction of interest payments made by the Indian branch to its Head Office and overseas branches.

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Disallowance of interest paid to Head Office - Non deduction of ...

Tribunal Allows Deduction of Interest Payments by Indian Branch to Head Office Despite Initial Tax Disallowance.

April 19, 2024

Case Laws Income Tax AT

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