Mauritius-based SPVs eligible to claim tax benefits under DTAA: AAR

Even as the industry trackers plan for place of effective management (PoEM) guidelines, Authority for Advance Ruling (“AAR”) in a recent case has ruled that Mauritius-based SPVs are eligible to claim tax benefits under DTAA.  The case involved Mahindra – BT Investment (“Applicant”), a company incorporated in Mauritius that transferred shares of an Indian company to a US company is not liable to get taxed in India under the beneficial provisions of India-Mauritius Treaty, the AAR ruled. Rakesh Nangia, Managing Partner shares his views on aforementioned story for Economic Times. Attached is link to the article http://economictimes.indiatimes.com/news/economy/policy/mauritius-based-spvs-eligible-to-claim-tax-benefits-under-dtaa-aar/articleshow/57537986.cms