Breather for investment from Mauritius: AAR allows benefit of Mauritius treaty
BY Ashish Sodhani & Ankita Srivastava
With regard to the controversy of GAAR provisions overriding the DTAAs, the AAR ruled that since GAAR provisions were to come into force from April 1, 2013 currently they have no relevance and can be dealt with by the Revenue only when they come into force.
In the latest ruling, the Authority for Advance Ruling (“AAR”) in Dynamic India Fund I upholding the dicta of the Hon’ble Supreme Court in the case of Union of India v. Azadi Bachao Andolan ruled...
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