https://www.taxtmi.com/highlights?id=74661 Taxability of capital gain arising on sale of shares under the treaty provisions - AO and DRP have rejected assessee’s claim by holding that assessee being a mere paper company is not entitled to treaty benefits - vague allegations - The tribunal found that the denial of treaty benefits to the assessee was based on vague allegations without substantial evidence and allowed the exemption under Article 13(4) of the tax treaty. - The tribunal allowed the exemption under Article 13(4) of the tax treaty qua the capital gain arising on sale of shares. en-us Tue, 06 Feb 2024 18:05:24 +0530 Tue, 06 Feb 2024 22:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74661 Taxability of capital gain arising on sale of shares under the treaty provisions - AO and DRP have rejected assessee’s claim by holding that assessee being a mere paper company is not entitled to treaty benefits - vague allegations - The tribunal found that the denial of treaty benefits to the assessee was based on vague allegations without substantial evidence and allowed the exemption under Article 13(4) of the tax treaty. - The tribunal allowed the exemption under Article 13(4) of the tax treaty qua the capital gain arising on sale of shares. Highlights Income Tax Tue, 06 Feb 2024 18:05:24 +0530 https://www.taxtmi.com/highlights?id=74661