Relief to TATA Teleservices: ITAT Rules Interest Payment Made to China Development Bank (CDB) Exempt under Amended India- China DTAA [Read Order]
The tribunal observed that CDB, being a government-owned financial institution in China, qualified for the exemption under the amended Article 11(3) of the DTAA
By Varda Marakkar - On October 5, 2024 4:10 pm - 2 mins read
In a significant relief to Tata Teleservices Limited, the Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has ruled that the interest payment made by the company to China Development Bank ( CDB ) is exempt from taxation under the amended Article 11(3) of the India-China Double Taxation Avoidance Agreement ( DTAA ). The…
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