India: Tax residency certificate sufficient evidence of residency under India-Singapore income tax treaty
A high court decision concerning tax residency certificate as evidence of residency for purposes of qualifying for benefits
Tax residency certificate sufficient evidence of residency under income tax treaty
The Delhi High Court held that a tax residency certificate was sufficient evidence of residency for purposes of qualifying for benefits under the India-Singapore income tax treaty.
Accordingly, the court dismissed reassessment proceedings seeking to deny benefits under the treaty for capital gains recognized by a non-resident shareholder on a sale of shares in an Indian company.
The case is: Blackstone Capital Partners (Singapore) VI FDI Three PTE Ltd v. ACIT
Read a February 2023 report [PDF 423 KB] prepared by the KPMG member firm in India
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