https://www.taxtmi.com/caselaws?id=283275 The High Court reviewed the Tribunal's decision on the deductibility of interest payable by the Indian Permanent Establishment of a foreign bank to its Head Office and overseas branches. The Court analyzed the legal provisions and circumstances, particularly focusing on whether the interest could be deducted in computing total income. Additionally, the Court examined whether the interest income payable by the Indian Permanent Establishment to its Head Office and branch Offices abroad should be considered for taxing the Head Office in India. The appeal was scheduled for a final hearing on 15/4/2013 due to the significant implications of the issues raised. en-us Thu, 14 Feb 2013 00:00:00 +0530 Tue, 17 Sep 2019 12:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283275 The High Court reviewed the Tribunal's decision on the deductibility of interest payable by the Indian Permanent Establishment of a foreign bank to its Head Office and overseas branches. The Court analyzed the legal provisions and circumstances, particularly focusing on whether the interest could be deducted in computing total income. Additionally, the Court examined whether the interest income payable by the Indian Permanent Establishment to its Head Office and branch Offices abroad should be considered for taxing the Head Office in India. The appeal was scheduled for a final hearing on 15/4/2013 due to the significant implications of the issues raised. Case-Laws Income Tax Thu, 14 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283275