Mumbai Tribunal Rules MAT Provisions Are Not Applicable To Foreign Bank Despite Having Branch In India: EY

Exclusion in law cannot be interpreted in reverse gear to automatically trigger MAT provisions if there is PE in India, ITAT says.

EY India @EY_India

12 Aug 2022, 07:12 PM IST

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Mumbai Tribunal Rules MAT Provisions Are Not Applicable To Foreign Bank Despite Having Branch In India: EY

Exclusion in law cannot be interpreted in reverse gear to automatically trigger MAT provisions if there is PE in India, ITAT says.

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