Tag Archives: gain

India-Mauritius DTAA amended: Govt.

India and Mauritius signed the Protocol for amendment of the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital Gains. The key features of the Protocol are as … Continue reading

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Section 9 Income Tax can’t be enforced for prevailing DTAA: DHC

The Delhi High Court recently ruled that unless changes are carried out in a Double Taxation Avoidance Agreement (“DTA”), the new interpretation of Section 9(1)(vi) of The Income Tax Act cannot be enforced. The Division Bench of the Court was recently … Continue reading

Posted in Banking Law, Company Law, Consumer Law, Contract Law, FDI, Income Tax Law, International Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Selective buy-back of shares in lieu of dividend is a “colourable transaction”: AAR

In a recent case, the Authority for Advance Rulings (AAR) held that applicant’s (Indian company) proposal of buy-back of shares from one of its shareholders (a Mauritian company) is a scheme devised for avoidance of tax and the transaction is … Continue reading

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