https://www.taxtmi.com/caselaws?id=284502 Interest income of a non-resident assessee under the India-Cyprus DTAA was held taxable on receipt basis, because Article 11 taxes interest arising in one Contracting State and "paid" to a resident of the other. Applying the same construction previously adopted for comparable treaty language, the Court treated receipt as the ative factor and rejected accrual-based taxation. The Revenue's challenge failed, and the Tribunal's view that the income was chargeable only when received was left undisturbed. en-us Tue, 12 Mar 2019 00:00:00 +0530 Fri, 22 Nov 2019 10:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284502 Interest income of a non-resident assessee under the India-Cyprus DTAA was held taxable on receipt basis, because Article 11 taxes interest arising in one Contracting State and "paid" to a resident of the other. Applying the same construction previously adopted for comparable treaty language, the Court treated receipt as the ative factor and rejected accrual-based taxation. The Revenue's challenge failed, and the Tribunal's view that the income was chargeable only when received was left undisturbed. Case-Laws Income Tax Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284502