Disallowance of interest paid to head office & other overseas branches

ITAT MUMBAI BENCH ‘L’ Sumitomo Mitsui Banking Corporation versus Deputy Commissioner of Income-tax (International Taxation), Range 2(1) IT Appeal Nos. 2720 to 2722 & 2864 to 2866 & 6495 (Mum.) of 2006 [Assessment Years 1997-98 to 2000-01] October 12, 2012 ORDER This batch of seven appeals comprises of cross appeals for assessment years 1997-98, 1998-1999 and 1999-2000 along with one appeal by the Revenue against the deletion of penalty u/s 271(1)(c) in relation to assessment year 2000-2001. Since some common issues are raised in these appeals, we are theref...