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

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