Demand against MUFG Bank on Taxability of Interest on Income Tax Refund under Indo-Japan DTAA: ITAT Directs Re-Adjudication [Read Order]

By Fathima Karama A.M - On February 23, 2023 3:15 pm - 2 mins read
Demand - MUFG Bank - Taxability of Interest - Income Tax - Income Tax Refund - Indo-Japan DTAA - ITAT - Taxability of Interest - MUFG Bank on Taxability of Interest - Re-Adjudication -Interest on Income Tax Refund - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication upholding the demand against MUFG Bank on taxability of interest on income tax refund under Indo-Japan DTAA. The assessee MUFG Bank Ltd, a banking company, is a tax resident of Japan. In the return of income so filed, the assessee offered to tax interest on…

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