Canada Resident Eligible for India-Canada DTAA Benefit: ITAT Delhi

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.

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