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Case Law Details

Case Name : CIT (IT) - 2 Vs HSBC Bank (Mauritius) Ltd. (Bombay High Court)
Appeal Number : Income Tax Appeal (IT) No.1169 of 2018
Date of Judgement/Order : 24/01/2024
Related Assessment Year : 2011-12
Courts : All High Courts
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CIT (IT) – 2 Vs HSBC Bank (Mauritius) Ltd. (Bombay High Court)

In a significant judgment, the Bombay High Court has ruled in favor of HSBC Bank Mauritius Ltd., holding that as a bona fide banking business in Mauritius, it is exempt from tax in India. This decision pertains

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