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.
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