Category: Income-Tax Act

Archive for the ‘Income-Tax Act’ Category


Belgacom International Carrier Services SA v. DCIT (2022) 195 ITD 314 (Bang.)(Trib.)

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty Principle of the most favoured nation (MFN)-Matter was remanded-DTAA-India-Belgium. [Art. 12]

MOL Corporation v. CIT (IT) (2022) 195 ITD 1 (Delhi)(Trib.)

S. 9(1)(vi) : Income deemed to accrue or arise in India-Royalty-Subscription fees-Cloud computing infrastructure-Subscription fee was merely a consideration and would not be taxable as royalty-DTAA-India-USA. [Art. 12]

DCIT v. Marubeni Corporation (2022) 195 ITD 620 / 97 ITR 1(SN) / 218 TTJ 537 / 215 DTR 265 (Mum.)(Trib.)

S. 9(1)(v) : Income deemed to accrue or arise in India-Interest-Loan provided to Indian parties-Not attributable to the permanent establishment-Interest income taxable at 10 per cent and not 40 per cent. [S. 9(1)(i), 154, Art. 7, 11(6), 14]

DCIT v. Credit Suisse (Singapore) Ltd. (2022) 195 ITD 652 / 96 ITR 77(SN) / 219 TTJ 1078 (Mum.)(Trib.)

S. 9(1)(v) : Income deemed to accrue or arise in India-Interest-Rate of tax-Government securities-Interest income received on rupee-denominated bonds-Rate applicable at the rate of 5 per cent or 15 per cent-Matter remanded-Offshore distribution commission income-No permanent establishment-Commission is not taxable in India. [S. 9(1)(i), 115AD, Art. 7, 11]

DCIT v. Michelin ROH Co. Ltd. (2022) 195 ITD 541 (Delhi) (Trib.)

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Engineering services to its Indian subsidiary-Absence of PE-Receipt is not taxable-DTAA-India-Thailand. [Art. 7, 12, 22]

Micro Focus Software Inc. v. DCIT (IT) (2022) 195 ITD 523 (Mum.)(Trib.)

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Dependent agent (DAPE)-Remuneration at arm’s length-Tax neutral-Addition was deleted-DTAA-India-USA. [Art. 5, 7]

Blackstone FP Capital Partners Mauritius V Ltd. v. CIT IT (2022) 195 ITD 462 / 217 TTJ 753 (Mum.)(Trib.)

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Capital gains-Share transactions-Beneficial ownership-AO is directed to decide the issue by passing speaking order-DTAA-India-Mauritius. [Art. 13]

AB Sciex Pte. Ltd. v. ACIT (IT) (2022) 195 ITD 384 (Delhi) (Trib.)

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Annual Maintenance Contract with an Indian Co-Not to constitute either a fixed place PE or agency PE business profit of assessee could not be taxed in India-DTAA-India-Singapore. [Art. 5, 8]

UPS Asia Group Pte. Ltd. v. ACIT (IT) (2022) 195 ITD 225 (Mum.)(Trib.)

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Permanent establishment-Agency PE-Agent is paid arm’s length remuneration-Tax neutral-Not taxable-DTAA-India-Singapore. [Art. 5]

Greenboom Developers & Resorts Ltd. v. ITO (2022) 195 ITD 567 (Mum.)(Trib.)

S.2(14)(iii): Capital asset-Agricultural land-Failure to provide evidence-Matter remanded back to Assessing Officer for verification [S. 10(37), 45]