https://www.taxtmi.com/caselaws?id=344888 The High Court held that the capital gains from the sale of shares by a Netherlands resident company to Ascendas were not taxable in India under the DTAA. The court also ruled that the company was entitled to exemption under Section 10(23G) of the Income Tax Act and that the interest income received was not taxable in India under Section 9(1)(v) but was exempt under the DTAA. The revenue's appeals were dismissed, and they were directed to refund the amount payable to the company. en-us Fri, 16 Jun 2017 00:00:00 +0530 Mon, 13 Nov 2017 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344888 The High Court held that the capital gains from the sale of shares by a Netherlands resident company to Ascendas were not taxable in India under the DTAA. The court also ruled that the company was entitled to exemption under Section 10(23G) of the Income Tax Act and that the interest income received was not taxable in India under Section 9(1)(v) but was exempt under the DTAA. The revenue's appeals were dismissed, and they were directed to refund the amount payable to the company. Case-Laws Income Tax Fri, 16 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344888