{"id":13973,"date":"2020-11-23T12:32:10","date_gmt":"2020-11-23T12:32:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sofina-s-a-v-acit-it-202079-itr-489-mum-trib\/"},"modified":"2021-04-12T07:41:07","modified_gmt":"2021-04-12T02:11:07","slug":"sofina-s-a-v-acit-it-202079-itr-489-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sofina-s-a-v-acit-it-202079-itr-489-mum-trib\/","title":{"rendered":"Sofina S. A. v. ACIT (IT) (2020)79 ITR 489\/185 ITD 650 (Mum) (Trib)"},"content":{"rendered":"<p>Tribunal held that provisions of Act cannot override provisions of\u00a0 agreement .Gains derived from alienation of\u00a0 any property taxable only in contracting state of\u00a0 which alienator is resident. On facts the\u00a0 assessee, transferor of\u00a0 shares, a resident of\u00a0 Belgium\u00a0 accordingly the gains from transfer of\u00a0 shares taxable in Belgium and not in India therefore addition of\u00a0 short-term capital gain is held to be not justified ( AY.2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 9(1)(i): Income deemed to accrue or arise in India &#8211; Business connection \u2013 Transfer of shares &#8211;  Gains derived from alienation of  any property taxable only in contracting  state of  which alienator is resident-  Provisions of Act cannot override provisions of agreement &#8211; Gains from transfer of  shares taxable in Belgium and not in India- DTAA \u2013 India \u2013 Belgium [ Art . 13(5) 13(6 )  ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13973","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Dn","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13973"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13973\/revisions"}],"predecessor-version":[{"id":16463,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13973\/revisions\/16463"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}