Case Law Details
Case Name : In re M/s. Praxair Pacific Limited (Authority for Advance Ruling)
Related Assessment Year :
Courts :
Advance Rulings
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Brief : Authority for Advance Rulings (AAR) concluded that gains derived from the transfer of shares by a Mauritius company to its wholly owned subsidiary in India would not be taxable in India under the Indian Income Tax Act (ITA), nor would such gains be subject to the Minimum Alternate Tax (MAT) (Praxair Pacific Limited (A.A.R. No. 855/2009)). The AAR further clarified that benefits under the India-Mauritius tax treaty would be available to the Mauritius Company.
Citation : Praxair Pacific
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