2013 (2) TMI 890

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....pondent. PC: Office objections waived. 2) Heard. Admit on the following substantial questions of law. a) Whether on the facts and in the circumstances of the case and in law the Tribunal was justified in holding that interest payable by the Indian Permanent Establishment of the foreign bank to its HO and other overseas branches, is deductible in computing the total income? ....