Shell Information Technology’s Income Tax Refund Interest Classified as Taxable Income under India-Netherlands DTAA: ITAT [Read Order]

The interest on income tax refund would be characterized as interest income liable to tax at the rate specified in Article 11 of the DTAA
Shell - Technology - Income Tax Refund Interest - Taxable Income - India-Netherlands DTAA - ITAT - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Shell Information Technology, specifying that interest on income tax refund would be categorized as taxable interest income under Article 11 of the India-Netherlands Double Taxation Avoidance Agreement ( DTAA ) The Appellant Shell Information Technology International BV has challenged…

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