{"id":17413,"date":"2021-05-01T12:57:57","date_gmt":"2021-05-01T07:27:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/copal-partners-ltd-in-re-2021-431-itr-379-aar\/"},"modified":"2021-10-10T10:08:23","modified_gmt":"2021-10-10T04:38:23","slug":"copal-partners-ltd-in-re-2021-431-itr-379-aar","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/copal-partners-ltd-in-re-2021-431-itr-379-aar\/","title":{"rendered":"Copal Partners Ltd., In Re (2021) 431 ITR 379\/ 200 DTR 401\/ 320 CTR 528  (AAR)"},"content":{"rendered":"<p>AAR held that British Virgin Islands by company registered in Jersey and the Value of\u00a0 shares\u00a0 transferred in India\u00a0 less than 50 Per Cent.\u00a0 Income from transfer of\u00a0 shares not subject to tax in India. AAR also held that a\u00a0 Foreign company which is not required registration\u00a0 in India is not liable to minimum alternative tax .<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 9(1)(i): Income deemed to accrue or arise in India &#8211; Business connection -British Virgin Islands by company registered in Jersey \u2014 Value of  shares  transferred in India  less than 50 Per Cent. \u2014 Income from transfer of  shares not subject to tax in India -Foreign company- Minimum alternate tax  &#8211;  Companies not required Registration  in India \u2013 Not liable to minimum alternative tax. [ S.  115JB  ] <\/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-17413","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4wR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17413","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=17413"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17413\/revisions"}],"predecessor-version":[{"id":22327,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/17413\/revisions\/22327"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=17413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=17413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=17413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}