Tax not leviable on LTCG earned by Mauritius company on sale of share: ITAT Delhi

Superb Mind Holdings Ltd. Vs ACIT (ITAT Delhi) ITAT Delhi held that long term capital gain (LTCG) on sale of shares in case of the assessee company, being resident of Mauritius, is not liable to be taxed in India. Facts- Assessee is registered in Mauritius and is holding tax residency certificate of Mauritius. The assessee is engaged in the business of making investments. The assessee had made investment in Indian company namely Pearl Retail Solutions Pvt. Ltd. The assessee purchased 204199 shares in AY 2011-12 and 1,10,800 shares of the said company in AY 2012-13. During the period relevant t...