The Resource Delhi High Court reverses AAR on gains on sale of CCDs

Delhi High Court reverses AAR on gains on sale of CCDs

Label
Delhi High Court reverses AAR on gains on sale of CCDs
Title
Delhi High Court reverses AAR on gains on sale of CCDs
Creator
Subject
Language
eng
Summary
The Delhi High Court has reversed a decision of the Authority for Advance Rulings (AAR), by holding that income arising from the sale of compulsorily convertible debentures (CCDs) cannot be characterised as interest where sufficient commercial rationale exists for a transaction having been entered into. The legal nature of an instrument or the corporate veil of a taxpayer cannot be ignored/lifted unless the transaction when viewed in totality is nothing more than a colourable or artificial device designed to avoid payment of tax
Citation source
In: Tax planning international review. - London. - Vol. 41 (2014),
http://library.link/vocab/creatorName
  • Baxi, D
  • Sharma, A. (Abhay)
  • Shetty, S
Geographic coverage
Asia
Language note
English
http://library.link/vocab/subjectName
  • advance tax ruling
  • case law
  • interest
  • income classification
  • tax avoidance
  • case law
  • tax treaty
Label
Delhi High Court reverses AAR on gains on sale of CCDs
Instantiates
Publication
Label
Delhi High Court reverses AAR on gains on sale of CCDs
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
Processing Feedback ...