https://www.taxtmi.com/caselaws?id=294358 The Authority for Advance Rulings concluded that the capital gain arising from the transfer of Symphony Teleca Corporation (STC) shares is not taxable in India under Section 9(1)(i) as the value of Indian assets is less than 50% of the global assets. Therefore, the buyer is not required to withhold tax under Section 195 on the acquisition of shares of STC from STG. en-us Wed, 18 Mar 2020 00:00:00 +0530 Wed, 07 Apr 2021 21:50:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294358 The Authority for Advance Rulings concluded that the capital gain arising from the transfer of Symphony Teleca Corporation (STC) shares is not taxable in India under Section 9(1)(i) as the value of Indian assets is less than 50% of the global assets. Therefore, the buyer is not required to withhold tax under Section 195 on the acquisition of shares of STC from STG. Case-Laws Income Tax Wed, 18 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294358