Interest income covered under Article 8(3) of India-France DTAA not taxable for out of funds fixed deposits connected with aircraft under Article 8(1): ITAT Grants Relief to Air France [Read Order]

By Namaskar Acharya - On August 14, 2023 1:30 pm - 2 mins read

Interest - income - Interest income - Air France - DTAA - taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the impugned income is not taxable in India as it is covered under Article 8(2) r.w. Article 8(1) of India-France Double Tax Avoidance Agreement (DTAA), interest income will be covered under Article 8(3) of the India-France DTAA and hence not taxable. And penalty…

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