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2016 (9) TMI 1519 - HC - Income TaxExemption of Income by way of slot chartering from operations of ships under Article 8 of the DTAA - DTAA with UK /Germany - HELD THAT:- Tribunal has allowed the Respondent's appeal by following the decision of this Court in Director of Income Tax (International Taxation) v/s. Balaji Shipping UK Ltd., [2012 (8) TMI 681 - BOMBAY HIGH COURT] In the above case, this Court was concerned with Article 9(1) of the Indo-UK DTAA. In the present case, Article 8 of Indo-German DTAA which is similar to Article 9(1) of the Indo-UK DTAA, arises for consideration. Therefore, the impugned order allowed the Respondent-Assessee's appeal before it by following the decision of this Court in Balaji Shipping UK Ltd., [2012 (8) TMI 681 - BOMBAY HIGH COURT]. Revenue very fairly states that the issue stands concluded in favour of the Assessee - no substantial question of law arises
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