https://www.taxtmi.com/caselaws?id=31360 The High Court upheld the Tribunal's decision that the recovery/adjustment of rent from a company in India by a Netherlands-based company was not taxable in India under the Double Taxation Avoidance Agreement. The Court agreed that the rent recovery was connected to the cargo handling business of the Netherlands-based company and not a separate source of income in India. The Tribunal's deletion of additions made by the Assessing Officer and Commissioner of Income Tax was affirmed. Furthermore, the Court accepted that even if the rent recovery was income, it could be offset against payments to the Airport Authority of India under Section 57 (iii) of the Income Tax Act. en-us Wed, 22 Oct 2008 00:00:00 +0530 Mon, 16 Aug 2010 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31360 The High Court upheld the Tribunal's decision that the recovery/adjustment of rent from a company in India by a Netherlands-based company was not taxable in India under the Double Taxation Avoidance Agreement. The Court agreed that the rent recovery was connected to the cargo handling business of the Netherlands-based company and not a separate source of income in India. The Tribunal's deletion of additions made by the Assessing Officer and Commissioner of Income Tax was affirmed. Furthermore, the Court accepted that even if the rent recovery was income, it could be offset against payments to the Airport Authority of India under Section 57 (iii) of the Income Tax Act. Case-Laws Income Tax Wed, 22 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31360