Director’s nationality will not suffice as company incorporated, managed and controlled in UAE

Qawareb Ship Management – LLC Dubai Vs ITO (ITAT Rajkot) ITAT Rajkot held that Partner’s/Director’s nationality will not suffice the company’s residency as the company is incorporated in UAE and is managed and controlled only in UAE. Thus, it is a tax resident of UAE and, therefore, treaty between India and UAE (DTAA) is applicable Facts- M/s. Shantilal Shipping & Chartering Pvt. Ltd., a local Agent in India, had filed the provisional return under Section 172 of the Income Tax Act, 1961. AO observed that local Agent has not submitted certain documents in respect of company which is...