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. A

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