OrbitaxTreaty between India and Malaysia – Supreme Court of India decision on overriding effect of treaty provisions over domestic law
|Treaty Development|India-Malaysia
The Supreme Court of India delivered a ruling dated 20 February 2008 in the case of CIT v. Torquoise Investment and Finance Ltd. on whether the provisions of tax treaties signed by India take precedence over the provisions of Indian domestic tax law, i.e. Income Tax Act 1961 (ITA).
(a) Facts. The Taxpayer (i.e. Turquoise Investment & Finance Ltd.) is an Indian …
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