Shipping income derived from international operations is outside the purview of the Indo-Swiss Tax Treaty

SUMMARY OF CASE LAW Shipping income derived from international operations is outside the purview of the Indo-Swiss Tax Treaty and it is left to be taxed under the domestic law i.e. the Income-tax Act, 1961. RELEVANT PARAGRAPH 1. The applicant – a non-resident shipping Company incorporated under the laws of Switzerland seeks advance ruling from this Authority on the following questions: (1) Whether during the previous years relevant to assessment years 2008-09 and 2009-10, the applicant, in the stated facts and circumstances, had a Permanent Establishment in India under Article 5 of India...