ITAT Holds Indian Branch and Head Office Cannot Be Treated as Separate Entities for Domestic Tax Purposes:
The Income Tax Appellate Tribunal (ITAT), Mumbai, has allowed appeals filed by Barclays Bank PLC and held that interest earned by its Indian branches from overseas branches, and certain overseas banks is not taxable in India.
Interest from Self Transactions Is Not Taxable
Saima
Jul 2, 2026
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ITAT Holds Indian Branch and Head Office Cannot Be Treated as Separate Entities for Domestic Tax Purposes
The Income Tax Appellate Tribunal (ITAT), Mumbai, has allowed appeals filed by Barclays Bank PLC and held that interest earned by its Indian branches from overseas branches, and certain overseas banks is not taxable in India.
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About Author
Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
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