Wednesday, February 24, 2021

Advance ruling eligible on issue of applying beneficial provisions of India-Singapore DTAA on dividend payment

INCOME TAX : Where applicant had merely sought advance ruling on application of beneficial provisions of India Singapore DTAA in respect of Dividend Distribution Tax (DDT) on dividend paid/payable to non-resident shareholder and there was no design to avoid tax by any illegal or improper means, application for advance ruling was to be admitted under section 245 R(2)

from www.taxmann.com Latest Case Laws https://ift.tt/3pO8VVf

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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