Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
The assessee company was denied exemption under Article 13(3B) and 13(4) of the India-Mauritius Treaty, and its capital gains from sale of shares, futures, and options were taxed, as its control and management were found to lie outside Mauritius in UAE, with the beneficial owner being a UAE resident. However, the CIT(A) held the assessee eligible for the India-Mauritius treaty benefit. The ITAT upheld the CIT(A)'s decision, finding no conclusive evidence that the assessee's control and management were outside Mauritius or that the beneficial owner was a UAE resident. The assessee had Mauritius-resident directors, held board meetings in Mauritius, had a valid TRC, Category 1 Global Business License, and SEBI registration, proving its Mauritius tax residency. The protocol amending the treaty was not applicable as it had not come into force. The ITAT relied on Supreme Court's Azadi Bachao Andolan case principles and CBDT Circular 789/2000 while interpreting the treaty.
The assessee company was denied exemption under Article 13(3B) and 13(4) of the India-Mauritius Treaty, and its capital gains from sale of shares, futures, and options were taxed, as its control and management were found to lie outside Mauritius in UAE, with the beneficial owner being a UAE resident. However, the CIT(A) held the assessee eligible for the India-Mauritius treaty benefit. The ITAT upheld the CIT(A)'s decision, finding no conclusive evidence that the assessee's control and management were outside Mauritius or that the beneficial owner was a UAE resident. The assessee had Mauritius-resident directors, held board meetings in Mauritius, had a valid TRC, Category 1 Global Business License, and SEBI registration, proving its Mauritius tax residency. The protocol amending the treaty was not applicable as it had not come into force. The ITAT relied on Supreme Court's Azadi Bachao Andolan case principles and CBDT Circular 789/2000 while interpreting the treaty.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
