Treaty between India and Netherlands – Indian decision on applicability of treaty with regard to additional tax imposed for not complying with transfer pricing rules
The Income Tax Appellate Tribunal (ITAT) delivered a ruling dated 27 June 2008 in the case of Deputy Director of Income Tax v. Sun Chemicals BV (unreported) on whether the Indian tax authorities could deny a Dutch company the benefits of the India-Netherlands tax treaty (the Treaty) on the basis that the company had defaulted in complying with certain requirements of the transfer pri…
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