Income from Vessel Operations Taxable Under India-Norway DTAA: ITAT Delhi

Advertisement Sanco Holding Vs DCIT (International Taxation) (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi Bench, delivered a judgment in the case of Sanco Holding Vs DCIT (International Taxation) for the Assessment Year (A.Y.) 2022-23, focusing on the applicability of the India-Norway Double Taxation Avoidance Agreement (DTAA) provisions versus the domestic tax law (Income Tax Act, 1961) for taxing the income of a non-resident company. Background of the Case The appellant, Sanco Holding, is a company incorporated and tax resident of Norway. Its primary business is providing ...