Mobilisation Fees Received from Time Charter of Vessel won’t fall within definition of ‘Royalty’ under the India-Singapore Tax Treaty: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the mobilisation fees received from the time charter of the vessel would not fall within definition of ‘royalty’ under the India-Singapore tax treaty. The assessee, Smit Singapore Pte Ltd. is a company incorporated in Singapore, operating in the maritime sector and primarily engaged in the […]

from Taxscan | Simplifying Tax Laws https://ift.tt/32QJud5