Advance pricing agreement methodology can guide benchmarking for non-covered years when functions, assets, risks and activities remain materially unch...
Tax-audit exemption for substantially State-funded educational universities prevents audit-failure penalties where income qualifies for statutory exem...
Functional, asset and risk analysis excludes diversified technology companies from captive software development comparables under cost-plus arrangemen...
Mobile-phone electronic evidence failed to establish customs undervaluation, while duty survived on non-authentic origin certificates without importer...
Automotive radio classification treats integrated infotainment features as supplementary, placing complete and qualifying unassembled units under the ...
Separate corporate personality prevents directors from being personally liable for company deposits without a guarantee or independent legal undertaki...
India-Ireland DTAA protection for aircraft dry-lease rentals cannot be denied under the Multilateral Instrument's Principal Purpose Test unless Articles 6 and 7 have been specifically notified under section 90(1); valid tax residency, substantive commercial activity and cross-border leasing alone do not establish impermissible treaty shopping. Article 8(1) covers profits from operating or renting aircraft in international traffic, allocating the rentals solely to Ireland and prevailing over general business-profits provisions. Aircraft presence and ordinary inspection, maintenance and repossession rights do not create a fixed-place permanent establishment. Where ownership, return obligations and repossession rights remain with the lessor, dry leases are operating leases rather than interest-bearing finance leases.
India-Ireland DTAA protection for aircraft dry-lease rentals cannot be denied under the Multilateral Instrument's Principal Purpose Test unless Articles 6 and 7 have been specifically notified under section 90(1); valid tax residency, substantive commercial activity and cross-border leasing alone do not establish impermissible treaty shopping. Article 8(1) covers profits from operating or renting aircraft in international traffic, allocating the rentals solely to Ireland and prevailing over general business-profits provisions. Aircraft presence and ordinary inspection, maintenance and repossession rights do not create a fixed-place permanent establishment. Where ownership, return obligations and repossession rights remain with the lessor, dry leases are operating leases rather than interest-bearing finance leases.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
