Please use this identifier to cite or link to this item: http://hdl.handle.net/10739/656
Title: Taxing offshore transactions in India and the territoriality clause: a case for substantial constitutional limitations on Indian Parliament's power to retrospectively amend the income tax act
Authors: Gautam, Khagesh
Jindal Global Law School
Keywords: International Taxation
Capital Gains
Territoriality
Constitution and Taxation
Issue Date: 31-Dec-2014
Publisher: Wolters Kluwer
Citation: Gautam, Khagesh. (2014). Taxing offshore transactions in India and the territoriality clause: a case for substantial constitutional limitations on Indian Parliament's power to retrospectively amend the income tax act. International Tax Journal, Vol 40 No 4: 19-34
Abstract: This article invokes the Territoriality Clause (article 245) of the Indian Constitution and argues that the the Territoriality Clause is a substantial limitation on the Indian Parliament's power to impose capital gains taxation on offshore transactions. The important point is not the location of the underlying assets held by a foreign/offshore corporation (as was argued by the Income Tax Department in the famous Vodafone International Holdings v. Union of India [2012] before the Supreme Court of India) but the identity of the parties engaged in that transaction.
URI: http://heinonline.org/HOL/Print?collection=journals&handle=hein.journals/intaxjo40&id=174
http://hdl.handle.net/10739/656
ISSN: 0097-7314
Appears in Collections:JGU Research Publications

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