Welcome, Guest | Sign In

16. [2016] 76 taxmann.com 341 (Ahmedabad - Trib.) Torrent Pharmaceuticals Ltd vs. ITO A.Y.: 2008-09, Date of Order: 25th October, 2016

GEETA JANI
DHISHAT B. MEHTA
Chartered Accountants

Section 9(1)(vi) of the Act, Article 12 of India-Switzerland DTAA – Since MFN clause in India-Switzerland DTAA provides for negotiation by both countries for lower tax rate or restricted scope, in absence of amendment to DTAA, MFN benefit could not be availed. In the absence of automatic application of MFN clause, make available condition cannot be drawn into India-Switzerland DTAA.

Facts: