SpiceJet Aircraft Lease Rent Taxable in Ireland Under Tax Treaty

DCIT Vs Spicejet Limited (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT) Delhi has dismissed two appeals filed by the income tax department against Spicejet Limited, upholding the Commissioner of Income Tax (Appeals)’s decision to delete significant disallowances related to supplementary aircraft rent and maintenance reserves for Assessment Years 2020-21 and 2021-22. The revenue department had challenged the deletion of additions, arguing that supplementary rent and maintenance reserve constituted royalty and were disallowable under Section 40(a)(i) of the Income Tax Act, 1961, due...