Interest income to be taxed @10% as per India-Japan DTAA

DCIT Vs Marubeni Corporation (ITAT Mumbai)

Held that the interest income in question is required to be taxed at 10% in terms of the provisions of Article 11(2) of the India-Japan DTAA

Facts-

The assessee is a company incorporated in, and fiscally domiciled in, the Republic of Japan. The interest income was offered by the assessee to be tax at the rate of 10% in terms of the provisions of Article 11(2) of the India Japan Double Taxation A

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