https://www.taxtmi.com/caselaws?id=332538 Where an Indian resident received dividend income that had also suffered withholding tax in Sri Lanka, the treaty relief under section 90(2) applied because the India-Sri Lanka DTAA was more beneficial than domestic law. Article 10 permitted taxation of the dividend in the source State, and Article 24 provided foreign tax credit for tax paid there. The foreign tax paid in Sri Lanka was therefore creditable in India, and the revenue's challenge failed. The ITAT upheld the allowance of foreign tax credit under the treaty and dismissed the revenue appeal. en-us Mon, 01 Aug 2016 00:00:00 +0530 Tue, 20 Sep 2016 09:05:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332538 Where an Indian resident received dividend income that had also suffered withholding tax in Sri Lanka, the treaty relief under section 90(2) applied because the India-Sri Lanka DTAA was more beneficial than domestic law. Article 10 permitted taxation of the dividend in the source State, and Article 24 provided foreign tax credit for tax paid there. The foreign tax paid in Sri Lanka was therefore creditable in India, and the revenue's challenge failed. The ITAT upheld the allowance of foreign tax credit under the treaty and dismissed the revenue appeal. Case-Laws Income Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332538