https://www.taxtmi.com/caselaws?id=217180 A UAE resident's interest income was treated as taxable at the treaty rate of 12.5% under Article 11(2)(b) of the Indo-UAE DTAA, as the treaty provision and prior year treatment prevailed over the domestic rate. Short-term capital gains from sale of shares and securities in India were held not taxable in India for the relevant year because the treaty amendment taxing such gains operated only prospectively from 1 April 2008. Service charges paid to a cooperative society were also allowed as a deduction in computing annual letting value, as reimbursements for tenant-related common facilities were netted out from rent. The assessment relief was thus sustained on all issues. en-us Fri, 31 Aug 2012 00:00:00 +0530 Thu, 04 Oct 2012 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217180 A UAE resident's interest income was treated as taxable at the treaty rate of 12.5% under Article 11(2)(b) of the Indo-UAE DTAA, as the treaty provision and prior year treatment prevailed over the domestic rate. Short-term capital gains from sale of shares and securities in India were held not taxable in India for the relevant year because the treaty amendment taxing such gains operated only prospectively from 1 April 2008. Service charges paid to a cooperative society were also allowed as a deduction in computing annual letting value, as reimbursements for tenant-related common facilities were netted out from rent. The assessment relief was thus sustained on all issues. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217180