The Mumbai bench of India's Income Tax Appellate Tribunal (ITAT) recently issued a decision regarding eligibility for treaty benefits under the 1992 India-UAE tax treaty.
The case involved a limited liability company incorporated in the UAE that sought to take advantage of the benefits of the tax treaty in relation to income derived from the provision of services, including ship chartering, freight forwarding, sea cargo services, etc. In particular, the company sought the exemption benefits …