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HomeDirect TaxForeign Branch Profits Can’t Be Included in MAT Book Profits Due to...

Foreign Branch Profits Can’t Be Included in MAT Book Profits Due to DTAA Override: ITAT

Direct Tax

Published on

By Mariya Paliwala
ITAT

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The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that foreign branch profits cannot be included in Minimum Alternate Tax (MAT) book profits due to Double Taxation Avoidance Agreements (DTAAs) override. The bench comprising Judicial Member Suchitra Raghunath Kamble and Accountant Member Girish Agrawal has observed that assessee is eligible to claim…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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