https://www.taxtmi.com/caselaws?id=300869 The Tribunal partly allowed the appeal of a foreign banking company, ruling in favor of the appellant on issues regarding disallowance of data processing costs and interest paid to the Head Office. However, the Tribunal ruled against the appellant on the taxability of interest on subordinated debts and term borrowings, as well as the deduction of interest paid on income tax. en-us Fri, 30 Oct 2015 00:00:00 +0530 Tue, 01 Mar 2022 18:19:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300869 The Tribunal partly allowed the appeal of a foreign banking company, ruling in favor of the appellant on issues regarding disallowance of data processing costs and interest paid to the Head Office. However, the Tribunal ruled against the appellant on the taxability of interest on subordinated debts and term borrowings, as well as the deduction of interest paid on income tax. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300869