Case Law Details
Case Name : Tata NYK Shipping Pte Ltd. Vs DCIT (ITAT Delhi)
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Delhi
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Tata NYK Shipping Pte Ltd. Vs DCIT (ITAT Delhi)
ITAT Delhi Quashes ₹986 Cr Royalty Addition: Shipping Income Exempt Under DTAA- Tribunal Reiterates International Freight Not Royalty- Shipping Receipts Protected by Article 8 of DTAA- AO’s Mechanical Addition Struck Down
Delhi Bench of the Tribunal dealt with yet another round of litigation on the taxability of freight receipts of the Singapore-based shipping company. Assessee, a joint venture between Tata Steel Ltd. of India & NYK Holding B.V., Netherlands (a subsidiary of NYK Japan), is engaged in owning, operating & chartering shi...
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