Case Law Details
Case Name : Saket Kanoi Vs DCIT (ITAT Delhi)
Related Assessment Year : 2021-22
Courts :
All ITAT ITAT Delhi
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Saket Kanoi Vs DCIT (ITAT Delhi)
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Delhi addressed a significant dispute involving a UAE-based individual, Saket Kanoi, and the Deputy Commissioner of Income Tax (DCIT) regarding the applicability of the India-UAE Double Taxation Avoidance Agreement (DTAA). The core issue revolved around whether a resident of the UAE, who is not subject to personal income tax in that country, can claim tax exemption on capital gains earned in India by invoking the DTAA. The tribunal ultimately sided with the taxpayer, upholding the principl
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Author Bio
WHTHER THIS EXEMPTION APPLIES TO CAPITAL GAIN ON SALE OF IMMOVABLE PROPERTY ALSO LIKE SALE OF FLAT… THANKS N REGARDS