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Taxsutra – Indian Tax Tribunal Allows Tax Sparing Credit on “Dividend” Exempt Under Thailand Incentive LegislationJan-31-2019

In a recent ruling, the Indian Income-tax Appellate Tribunal upheld the taxpayer's claim for tax sparing credit under the India-Thailand DTAA.

The taxpayer, Polyplex Corporation Ltd (an Indian company), received dividend from its subsidiary in Thailand, which was offered to tax in India for tax year 2009/10 to 2012/13. The taxpayer claimed relief u/s 90 read with article 23 of the India-Thailand DTAA.


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