https://www.taxtmi.com/caselaws?id=458897 ITAT Mumbai held that foreign tax credit was allowable where Japanese clients withheld tax on professional fees paid for services rendered in Japan. Applying the India-Japan tax treaty and following its earlier order in the assessee's own case, the Tribunal found that the withholding in Japan was not shown to be unreasonable or incorrect on the facts. The denial of foreign tax credit was therefore unsustainable, and the disallowance was set aside in favour of the assessee. en-us Fri, 30 Jun 2023 00:00:00 +0530 Wed, 20 Nov 2024 19:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458897 ITAT Mumbai held that foreign tax credit was allowable where Japanese clients withheld tax on professional fees paid for services rendered in Japan. Applying the India-Japan tax treaty and following its earlier order in the assessee's own case, the Tribunal found that the withholding in Japan was not shown to be unreasonable or incorrect on the facts. The denial of foreign tax credit was therefore unsustainable, and the disallowance was set aside in favour of the assessee. Case-Laws Income Tax Fri, 30 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458897