https://www.taxtmi.com/caselaws?id=356007 The Authority found that the capital gains from the sale of shares of Indian companies by a Mauritius tax resident to a US entity are exempt from capital gains tax in India under the India-Mauritius Double Tax Avoidance Agreement. The US entity is not liable to deduct tax at source under section 195 of the Income Tax Act. The Authority emphasized legal admissibility over valuation concerns and deferred the consideration of potential tax avoidance issues under GAAR provisions for future proceedings. en-us Fri, 22 Dec 2017 00:00:00 +0530 Thu, 22 Feb 2018 06:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356007 The Authority found that the capital gains from the sale of shares of Indian companies by a Mauritius tax resident to a US entity are exempt from capital gains tax in India under the India-Mauritius Double Tax Avoidance Agreement. The US entity is not liable to deduct tax at source under section 195 of the Income Tax Act. The Authority emphasized legal admissibility over valuation concerns and deferred the consideration of potential tax avoidance issues under GAAR provisions for future proceedings. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356007