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Case lawHigh Court › M/s Atlantic Shipping Pvt Ltd v ITO (International Taxation)
High CourtHelps taxpayerValidity unconfirmeds.172s.172(3)s.90s.260AArticle 8Article 24

M/s Atlantic Shipping Pvt Ltd v ITO (International Taxation)

Our principal's freight was exempt under Article 8, but the officer says Article 24 applies because the freight went to a London account. Who wins?

Our principal's freight was exempt under Article 8, but the officer says Article 24 applies because the freight went to a London account. Who wins?

The shipowner wins on these facts. The Gujarat High Court held that the assessee is entitled to the benefit of Article 8 of the India-Singapore treaty and that Article 24, the limitation of relief clause, does not apply, quashing the Tribunal's direction to send the matter back to the Assessing Officer to verify the Singapore tax authority's certificate.

Decided by the High Court (Bhargav D. Karia J and Pranav Trivedi J) on 2025-10-15, reported as R/Tax Appeal No. 688 of 2024 with R/Tax Appeal No. 707 of 2024, R/Special Civil Application No. 6595 of 2025 and R/Special Civil Application No. 6539 of 2025 (High Court of Gujarat at Ahmedabad); appeals against the common order of the Income Tax Appellate Tribunal, Rajkot Bench dated 21 March 2024. The treaty in issue is the India-Singapore Double Taxation Avoidance Agreement.. It bears on section 172, section 172(3), section 90, section 260A, section Article 8, section Article 24 of the Income Tax Act 1961, in Presumptive Taxation & Audit, Assessment & Scrutiny and How Tax Law Is Read matters.

Validity check could not be completed. Validity check could not be completed. The judgment was pronounced on 15 October 2025 and uploaded on 16 October 2025; I did not check whether the Revenue has taken it to the Supreme Court. The Court decided by adopting the reasoning of its own earlier decision in M.T. Maersk Mikage, which I was not able to retrieve — the indiankanoon record under that title returned only an interim notice order dated 21 July 2014 — so the underlying Article 8 and Article 24 analysis has not been read at first hand.

Why it matters

This is the current authority on how Article 8 of a shipping treaty operates inside a s.172(3) voyage return, and it settles the recurring Article 24 objection. The Revenue's argument was that because Singapore taxes foreign-source income on a remittance basis and the freight had been remitted to London rather than Singapore, Article 24(1) cut down the Article 8 exemption. The Court held Article 8 applicable and Article 24 inapplicable, adopting the reasoning of its own earlier decision in M.T. Maersk Mikage rather than re-analysing the Articles. Two practical points follow: the certificate of the Singapore revenue authority stating that the charter income is assessable there on an accrual basis was accepted rather than remitted for verification, and the High Court treated the Tribunal's remand as itself the error. Note that the entry is about the India-Singapore treaty; a treaty with a differently worded limitation of relief clause, or none, is a different case.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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