The assessee, Abu Dhabi Investment Authority, produced a valid Tax Residency Certificate, registration as a Foreign Portfolio Investor with SEBI and other documentary evidence establishing its identity and status as an authority of the Government of Abu Dhabi. The Commissioner (Appeals) denied exemption under Article 24 of the India-UAE DTAA solely because the mobile number mentioned in the return appeared as fraudulent on the “Truecaller” application. The Tribunal held that such an approach was wholly unsustainable. Once the statutory documents established that the assessee was the Abu Dhabi Investment Authority specifically covered by Article 24(2)(b)(ii) of the DTAA, its income was exempt from tax in India. The interest income was therefore held not taxable. (AY. 2019-20).<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 90: Double taxation relief-Non-resident-Government authority-Interest income-Abu Dhabi Investment Authority-Exempt under India-UAE DTAA-Denial based on Truecaller search unsustainable-DTA-India-UAE.[Art. 24(2)(b)(ii)]<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-63510","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gwm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63510","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=63510"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63510\/revisions"}],"predecessor-version":[{"id":63511,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63510\/revisions\/63511"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}