Tribunal emphasizes importance of TRC: Upholds eligibility of Mauritius based CIV for tax treaty benefits
In a recent ruling[efn_note]TS-308-ITAT-2023(DEL)[/efn_note], the Income Tax Appellate Tribunal, Delhi (“Tribunal”) recognized and upheld the importance of the Tax Residency Certificate (“TRC”) and held that a Mauritius-based Collective Investment Vehicle (“CIV”) registered as a Foreign Portfolio Investor (“FPI”) by the Securities and Exchange Board of India (“SEBI”) is entitled to the benefits provided under the […]