Income from investment in Trust by ADIA is exempt in terms of India-UAE DTAA

By POONAM GANDHI Income Tax Judiciary November 13, 2021

Case Name: Abu Dhabi Investment Authority Vs Authority for Advance Ruling (Bombay High Court)
Appeal Number: Only available for paid members
Date of Judgement/Order: Only available for paid members
Courts: All High Courts, Bombay High Court

Upgrade to Basic or Premium to download.

Already Upgraded? Log in.

Advertisement Abu Dhabi Investment Authority Vs Authority for Advance Ruling (Bombay High Court) Facts- ADIA files ROI in India disclosing income falling within the scope of section 5(2). However, in view of exemption available in terms of India-UAE DTAA, ADIA reports NIL taxable income. AAR denies the benefit of India-UAE DTAA benefit to ADIA in respect of income accruing on the investment made or proposed to be made by Green Maiden A 2013 Trust which was established by ADIA and ETL. Conclusion- ADIA is the sole beneficiary of the trust, the income assessed in the hands of the trustee wil...

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