The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that External Commercial Borrowings (ECB) loans to Indian clients linked to PE in India and directed the tax levy at 10% on interest income. The revenue challengedthe order by the Commissioner of Income Tax (Appeals)-55, Mumbai in appeal No.CIT(A)-55, Mumbai/10319/2017-18 dated 24/06/2022 (CIT(A))…
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
Already Subscribed?
Login Now