Sponsored
    Follow Us:

Case Law Details

Case Name : DCIT (International Taxation) Vs Foundation Co. of Canada Ltd (ITAT Delhi)
Appeal Number : ITA No. 7809/Del/2018
Date of Judgement/Order : 10/10/2023
Related Assessment Year : 2010-11
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

DCIT (International Taxation) Vs Foundation Co. of Canada Ltd (ITAT Delhi)

Introduction: The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently delivered a significant judgment in the case of DCIT (International Taxation) vs. Foundation Co. of Canada Ltd. The case revolved around the tax rate applicable to an amount received by a Canadian resident from an Indian joint venture. The article below provides an in-depth analysis of the case, the issues involved, and the ITAT’s verdict.

Background: The case involved cross-appeals stemming from an order dated 25.09.2018 issued by the Commissioner of Income Tax (Appeals)-42, New Delhi. The appeals related to the assessment year 2010-11.

Revenue’s Appeal: The revenue’s appeal raised several grounds challenging the deletion of an addition of Rs.69,93,54,377/- by the Assessing Officer.

The Assessee: The petitioner, a non-resident corporate entity incorporated in Canada, was engaged in construction and infrastructure development. It had entered into a joint venture with an Indian entity for a specific project.

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031