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ITAT Delhi Quashes ₹986 Cr Royalty Addition on International Shipping Income
Case Law Details
- Case Name
- Tata NYK Shipping Pte Ltd. Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Delhi
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Tata NYK Shipping Pte Ltd. Vs DCIT (ITAT Delhi)
ITAT Delhi Quashes ₹986 Cr Royalty Addition: Shipping Income Exempt Under DTAA- Tribunal Reiterates International Freight Not Royalty- Shipping Receipts Protected by Article 8 of DTAA- AO’s Mechanical Addition Struck Down
Delhi Bench of the Tribunal dealt with yet another round of litigation on the taxability of freight receipts of the Singapore-based shipping company. Assessee, a joint venture between Tata Steel Ltd. of India & NYK Holding B.V., Netherlands (a subsidiary of NYK Japan), is engaged in owning, operating & chartering shi...
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