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TrAnSfer of  ASSeTS by  nr  To reSidenT  indiAn noT  To be deemed  AS  A meAnS of  TAx  AVoidAnCe


           also held that India-Mauritius DTAA was         of assets by non-resident to resident brings
           applicable to Apex and capital gain was not     about  much  clarity  on  the  issue.  It  would  be
           taxable in India in its hands.                  appropriate if the CBDT issues appropriate
                                                           clarification  on the issue, so as to remove
           Conclusion                                      any impending/future litigation on the issue.

           3. The decision of the ITAT that section                                               lll
           93 cannot be invoked in case of transfer




































































           154             January 20 To January 26, 2018 u Taxmann’s Corporate Professionals Today u Vol. 41 u 48
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