No Income Tax on Interest paid by PE to General Enterprises: Branch and Head Offices forms part of same Legal Entity, rules ITAT [Read Order]

By Taxscan Team - On July 7, 2022 2:44 pm - 2 mins read

No Income Tax - PE - General Enterprises - Branch - Head Offices - Legal Entity - ITAT - taxscan

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that branch and head office forms part of the same legal entity and can’t be taxed on interest paid by PE to General Enterprises. Madhur Agarwal appeared for the appellant and Milind Chavan appeared for the respondent The assessee, is a banking company incorporated…

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