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No tax on income from shipping of foreign vessels under India-Singapore Tax Treaty
Case Law Details
- Case Name
- Bengal Tiger Line Pte Ltd. Vs DCIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Chennai
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Bengal Tiger Line Pte Ltd. Vs DCIT (ITAT Chennai)
Conclusion: Income earned by assessee from shipping operations in India was not taxable in India by virtue of Article 24 of India Singapore DTAA as the conditions stipulated under Article 24 were not satisfied and the benefit of Article 8 of India Singapore DTAA was applicable and as per which shipping income of a resident of Singapore was taxable only in Singapore but not in India.
Held: Assessee-company was a resident of Singapore and involved in the business of operation of ships in International Traffic. It was the freight beneficia...
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