https://www.taxtmi.com/caselaws?id=768482 Short-term capital gains from sale or redemption of mutual fund units by a Singapore resident were held to be taxable only in the State of residence under Article 13(5) of the India-Singapore DTAA. The Tribunal applied the coordinate-bench view that mutual fund units are not shares in a company, and in the absence of a treaty definition the term had to be read in its domestic-law context. Because the units did not fall within the specific earlier paragraphs of Article 13, the gains were treated as alienation of other property under the residual clause. Treaty relief prevailed, and the domestic charging provisions could not override it. en-us Wed, 26 Mar 2025 00:00:00 +0530 Tue, 08 Apr 2025 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768482 Short-term capital gains from sale or redemption of mutual fund units by a Singapore resident were held to be taxable only in the State of residence under Article 13(5) of the India-Singapore DTAA. The Tribunal applied the coordinate-bench view that mutual fund units are not shares in a company, and in the absence of a treaty definition the term had to be read in its domestic-law context. Because the units did not fall within the specific earlier paragraphs of Article 13, the gains were treated as alienation of other property under the residual clause. Treaty relief prevailed, and the domestic charging provisions could not override it. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768482