Rate of tax applicable to Domestic Banking Companies are not Same as Foreign Banking Company: ITAT [Read Order]

Rate of tax applicable to Domestic Banking companies - Foreign Banking Company - ITAT - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that the rate of tax applicable to domestic banking companies is not the same as foreign banking companies. Tax levied at a higher rate in the case of a foreign company is not to be regarded as a violation of the non-discrimination clause. Assessee, BNP Paribas  is…

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