Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The ITAT ruled that capital gains from the sale of rights entitlement are exempt from taxation in India under Article 13(6) of the India-Ireland DTAA. The Tribunal determined that rights entitlements constitute separate assets distinct from shares of the Indian Government, falling outside the scope of Articles 13(4) and 13(5). Consequently, such gains are taxable only in the resident state (Ireland), not in the source country (India). Additionally, the Tribunal held that capital losses under the Act read with Article 13(5) cannot be set off against short-term capital gains from rights entitlement sales since these gains are not taxable in India. The ITAT also directed the AO to rectify computational errors in the assessment order.
TaxTMI 
TaxTMI 
