Income accrued in India - taxation of interest income - assessee ...

June 22, 2022

Case Laws Income Tax AT

Income accrued in India - taxation of interest income - assessee is a company incorporated and fiscally domiciled in the Republic of Japan - For interplay of Article 11(6) and Article 7(1), in our considered view, the expression “effectively connected with such permanent establishment” must mean a situation in which the interest income in question can be said to be “directly or indirectly attributable to the permanent establishment” and can be brought to tax under article 7(1) as such. That is not even the case of the Assessing Officer before us. - AT

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Income accrued in India - taxation of interest income - assessee ...

June 22, 2022

Case Laws Income Tax AT

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