https://www.taxtmi.com/caselaws?id=216385 The Tribunal upheld the decision of the Ld. CIT (A) in a case involving disallowance of interest under section 40(a)(i) of the Act and taxability of interest income of the Head Office. The Tribunal ruled that interest paid by the Indian Branch to the overseas Head office is not taxable in India, based on the interpretation of relevant sections and judicial precedents. This decision aligns with previous rulings and ensures consistent application of tax laws in international banking operations. en-us Wed, 25 Jul 2012 00:00:00 +0530 Mon, 20 Jul 2026 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216385 The Tribunal upheld the decision of the Ld. CIT (A) in a case involving disallowance of interest under section 40(a)(i) of the Act and taxability of interest income of the Head Office. The Tribunal ruled that interest paid by the Indian Branch to the overseas Head office is not taxable in India, based on the interpretation of relevant sections and judicial precedents. This decision aligns with previous rulings and ensures consistent application of tax laws in international banking operations. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216385