Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Taxability of Interest paid by the branch (PE) in India to its parent foreign bank in Japan - Deduction of interest so paid as expenditure - the interest income received by the head office of the assessee bank would not be chargeable to tax in India - Allowed as deduction in the hands of branch as business expenditure.
Taxability of Interest paid by the branch (PE) in India to its parent foreign bank in Japan - Deduction of interest so paid as expenditure - the interest income received by the head office of the assessee bank would not be chargeable to tax in India - Allowed as deduction in the hands of branch as business expenditure.
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