Relief to MUFG Bank: ITAT holds Salary paid by Head Office to expatriate Employees working in Indian branches, allowable as Deduction [Read Order]

MUFG Bank - ITAT - Salary paid - expatriate Employees - Indian branches - Deduction - taxscan

The Income Tax Appellate Tribunal ( ITAT ), New Delhi Bench held that salary paid by head office to expatriate employees working in Indian branches, allowable as deduction, thereby granting relief to M/s. MUFG Bank Ltd. The assessee, M/s. MUFG Bank Ltd earlier known as the Bank of Tokyo Mitsubishi UFJ Ltd, is a non-resident…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader