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Bombay High Court Holds Certificate of Taxation Issued by Singapore Authority Sufficient for Claiming Treaty Relief for Capital Gains

|Treaty Development|India-Singapore
India-Singapore

Bombay High Court recently issued an order on whether a certificate issued by the Singapore Tax Authorities certifying that capital gains income is taxed in Singapore is sufficient evidence for accepting a claim for relief under the 1994 India-Singapore tax treaty. The case involved Citicorp Investment Bank (Singapore) Ltd. (the assessee), which is a tax resident of Singapore. In assessment ye…

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