{"id":48918,"date":"2024-12-16T15:46:02","date_gmt":"2024-12-16T10:16:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cpi-india-ltd-v-asst-cit-it-2024109-itr-340-delhitrib\/"},"modified":"2024-12-16T15:46:02","modified_gmt":"2024-12-16T10:16:02","slug":"cpi-india-ltd-v-asst-cit-it-2024109-itr-340-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cpi-india-ltd-v-asst-cit-it-2024109-itr-340-delhitrib\/","title":{"rendered":"CPI India Ltd. v. Asst. CIT (IT) (2024)109 ITR 340 (Delhi)(Trib)"},"content":{"rendered":"<p>Held that\u00a0 the Departmental authorities had failed to bring on record any cogent material to substantiate their allegations that the assessee was merely a paper company, and could not be treated as a genuine tax resident of Mauritius. There was nothing on record to suggest that the Departmental authorities disputed that the assessee had made investment in the shares which gave rise to the capital gains prior to April 1, 2017. That being the established factual position, the assessee is\u00a0 entitled to the benefit provided under article\u00a013(4)\u00a0of the tax treaty. The amount in dispute is\u00a0 not taxable in India.(AY. 2016-17)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.45: Capital gains-Non-Resident \u2014Capital gains on sale of  shares in Indian Company-Entitled to claim exemption \u2013 DTAA \u2013 India-Mauritius.[S. 112(1)(c) (iii), 147,R.115A,    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-48918","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cJ0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48918","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=48918"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48918\/revisions"}],"predecessor-version":[{"id":48919,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48918\/revisions\/48919"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}