Indian Court denies Mauritius treaty claim and seeks to tax indirect transfer of an Indian company

Asia-Pacific Tax Newsalert

In a recent decision, the Bombay High Court has upheld the Indian Revenue authorities' decision to deny the benefits of the India-Mauritius tax treaty on the sale of shares of an Indian company. The Court has also upheld the jurisdiction of the Indian Revenue authorities to proceed against the taxpayer in the case of an indirect transfer of an underlying Indian company.

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