Amount in Nature of Debt Claim, till possession was actually handed over is Taxable under India UK DTAA: ITAT [Read Order]

Amount - in - Nature - of - Debt - Claim - Taxable - under - India - UK - DTAA - ITAT - TAXSCAN

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT), ruled that amount in nature of debt claim till possession of was actually handed over is taxable under India-UK Double Taxation Avoidance Agreement (DTAA). The assessee, Karnail Singh is a non-resident and during the financial year relevant to the impugned Assessment Year the assessee has…

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