https://www.taxtmi.com/caselaws?id=285322 A Mauritian residence certificate, read with CBDT Circular No. 789, was treated as sufficient to establish beneficial ownership and treaty entitlement for interest on foreign currency loans under Article 11(3)(c) of the India-Mauritius tax treaty, so the income was held exempt from Indian taxation and the addition was deleted. The Tribunal also held that interest under section 234B could not be levied on the non-resident recipient where tax was deductible at source from the payer, and the levy was deleted. en-us Wed, 02 Jan 2019 00:00:00 +0530 Wed, 08 Jan 2020 07:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285322 A Mauritian residence certificate, read with CBDT Circular No. 789, was treated as sufficient to establish beneficial ownership and treaty entitlement for interest on foreign currency loans under Article 11(3)(c) of the India-Mauritius tax treaty, so the income was held exempt from Indian taxation and the addition was deleted. The Tribunal also held that interest under section 234B could not be levied on the non-resident recipient where tax was deductible at source from the payer, and the levy was deleted. Case-Laws Income Tax Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285322