https://www.taxtmi.com/caselaws?id=425410 Transfers of compulsorily convertible debentures were treated as giving rise to capital gains rather than interest income, and the Court also considered whether such gains were taxable in India under Article 11 of the India-Mauritius DTAA. The dispute was held to be covered by an earlier decision in the assessee's own case, with no stay operating against that ruling, and that prior decision was applied to the present controversy. The issue was decided in favour of the assessee and against the Revenue, and the appeal was dismissed. en-us Mon, 18 Jul 2022 00:00:00 +0530 Thu, 21 Jul 2022 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425410 Transfers of compulsorily convertible debentures were treated as giving rise to capital gains rather than interest income, and the Court also considered whether such gains were taxable in India under Article 11 of the India-Mauritius DTAA. The dispute was held to be covered by an earlier decision in the assessee's own case, with no stay operating against that ruling, and that prior decision was applied to the present controversy. The issue was decided in favour of the assessee and against the Revenue, and the appeal was dismissed. Case-Laws Income Tax Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425410