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2018 (9) TMI 215 - AT - Income TaxShort Term Capital Gain on sale of debt securities - Benefits of Article 13(4) of the India-Singapore DTAA could not be denied on account of limitation prescribed under Article 24 of the DTAA Income in question is held to be exempt and not taxable, the aspect raised in this appeal pertaining to quantification of such income becomes academic in nature. Since we have upheld the order of the CIT(A) treating such income to be in the nature of Capital Gains and falling within the beneficial provisions of Article 13(4) of the India-Singapore DTAA, the dispute relating to quantification of such income is rendered infructuous and accordingly, the Ground raised by the assessee is dismissed as infructuous. In the result, appeal of the assessee is dismissed.
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