AAR held that the applicant was incorporated a few days before joint venture was formed in India\u00a0 and had no independent source of funds or sources of income nor had any fiscal independence . The AAR held that the applicant is a shell company in Joint Venture and dominant purpose of inter -passing was to avoid tax in India , therefore the applicant is not entitle \u00a0to benefit of Article 13(4) of the India -Mauritius DTAA in regard to gains arising from transaction of sale of shares .\u00a0 \u00a0 \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 45 : Capital gains \u2013 Sale of shares \u2013 Joint venture in India \u2013 Shell company – Selling part of share holding \u2013 Liable to tax in India \u2013 Inter -passing was to avoid tax in India- DTAA- India \u2013 Mauritius [ Art, 13(4)] <\/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-15768","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-46k","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15768","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=15768"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15768\/revisions"}],"predecessor-version":[{"id":15769,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15768\/revisions\/15769"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}