AAR Upholds Mauritius Treaty Benefit
Published on Thu, Jul 19,2012 | 15:30, Updated at Thu, Jul 19 at 15:36Source : Moneycontrol.com
This Newsflash from Khaitan & Co. covers a latest Advance Ruling (dated 18 July 2012) delivered by the Authority for Advance Rulings (AAR) in India, where it has been reiterated that capital gains arising to a resident of Mauritius are exempt from tax in India under India-Mauritius Tax Treaty.
While delivering this ruling, the AAR has also dealt with various arguments of the Tax Authorities, ranging from application of ‘General Anti Avoidance Rules’ (GAAR) to ‘Treaty shopping’, etc.
Click on the accompanying attachement for more..