Assessee, a company incorporated in Singapore, is\u00a0 engaged in business of operating ships in international traffic and earned freight income from such shipping operations with India.\u00a0 The Assessing Officer held\u00a0 that freight income was transferred to account of agents of assessee who were resident of Denmark.\u00a0 He t held that assessee would not qualify for tax exemption under article 8 in view of article 24 on ground that assessee was not subject to tax in Singapore as freight income was not directly remitted to Singapore and assessee was liable to be taxed in India. On appeal the Tribunal held that\u00a0 since shipping income was taxable in Singapore, on an arising basis when income was earned by shipping enterprise regardless of whether shipping income was received in or remitted to Singapore, clause (1) of article 24 of Indo-Singapore DTAA would not apply to deny benefit of article 8 of Indo-Singapore DTAA to said company. (AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-Operation of ships in international traffic-Shipping, Inland waterways transport-Freight income from shipping operation with India-Not taxable in India-DTAA-India-Singapore [S. 172(3), 172 (4), Art. 8, 24(1)] <\/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-43156","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-be4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43156","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=43156"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43156\/revisions"}],"predecessor-version":[{"id":43157,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43156\/revisions\/43157"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}