https://www.taxtmi.com/caselaws?id=285319 A Mauritian tax residency certificate, read with the applicable CBDT circular, was treated as sufficient evidence of residence and beneficial ownership for treaty purposes, so the interest income qualified for exemption under Article 11(3)(c) of the India-Mauritius tax treaty. The Tribunal also held that once the income was not taxable in India and tax was deductible at source, interest under section 234B could not be levied on the non-resident payee. The treaty benefit and the consequential challenge to interest liability were therefore accepted, while the Revenue's cross-objection failed. en-us Thu, 30 Aug 2018 00:00:00 +0530 Wed, 08 Jan 2020 07:09:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285319 A Mauritian tax residency certificate, read with the applicable CBDT circular, was treated as sufficient evidence of residence and beneficial ownership for treaty purposes, so the interest income qualified for exemption under Article 11(3)(c) of the India-Mauritius tax treaty. The Tribunal also held that once the income was not taxable in India and tax was deductible at source, interest under section 234B could not be levied on the non-resident payee. The treaty benefit and the consequential challenge to interest liability were therefore accepted, while the Revenue's cross-objection failed. Case-Laws Income Tax Thu, 30 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285319