Bombay H.C : In terms of Article 27 of India-US DTAA read with MoU, suspension of assessment and collection of tax takes place as soon as an application is made to Competent Authorities to settle dispute under MAP proceedings and revenue is secured by tax payer by furnishing a bank guarantee and, such a benefit cannot be denied by holding that issue raised by tax payer has not been admitted for consideration under MAP proceedings
High Court Of Bombay UPS Worldwide Forwarding Inc. VS. ADIT (International Taxation) Assessment Year : 2010-11 Section : 90 Mohit […]
