Expenses Incurred by PE to be Set Off in Legal Expenses Against Interest Income: ITAT deletes Disallowance [Read Order]

By Kalyani B. Nair - On June 30, 2023 11:00 am - 2 mins read
Expenses Incurred by PE to be Set Off in Legal Expenses Against Interest Income - ITAT deletes Disallowance - TAXSCAN

The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) deleted disallowance in the matter of expenses incurred by the Permanent Establishment (PE) to be set off in legal expenses against the interest income. The assessee, SIS Live, is a non-resident partnership firm incorporated under the laws of United Kingdom (UK) and is a…

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