Arbitral award compensation not taxable as "windfall gain" in India per Article 22(3) of India-Switzerland DTAA.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Arbitral Foreign Award - whether the compensation received by the decree holder towards breach of contract is liable for taxation in India as it is a “windfall gain” - Article 22(3) of DTAA between India and Switzerland - Held No....