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SC upholds notification not to tax companies registered in Mauritius
New Delhi, Oct 07: The Supreme Court today upheld a government notification not to tax companies doing business in India if they were registered in Mauritius.
New Delhi, Oct 07: The Supreme Court today upheld a
government notification not to tax companies doing business in
India if they were registered in Mauritius.
Setting aside a Delhi High Court judgement which had
quashed the April 13, 2000 notification, a bench comprising
Justice Ruma Pal and Justice B N Srikrishna said the Delhi
High Court had erred in quashing the notification.
On the basis of Double Taxation Avoidance Treaty between
India and Mauritius, the Union Government had issued the
notification saying if the Mauritius government gives
residency certificate to a company doing business in India,
then the same company will not be taxed by income tax
authorities in India.
Allowing the appeal of the Union Government, the bench
said the April 13, 2000 notification was valid and legal.
Bureau Report