Mumbai bench of the income tax appellate tribunal rules in favour of HSBC Bank

“We concur with the view of the Tribunal that interest received by the assessee, pursuant to Article 11(3)(c) of the India-Mauritius tax treaty would not be eligible to tax in India, respectfully follow the same,” members NK Pradhan and Ravish Sood said in the order dated July 8.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OlT5Ro