Income from Booking Seats/Space under Code Sharing Agreements with Third Party Airlines not Exempt under India-U.S. Income Tax Treaty

The Mumbai Bench of the Income-tax Appellate Tribunal held that income derived from booking of seat/space under a code-sharing agreement is not to be treated as a space/slot charter absent a link between travel from India to interim destinations by third parties under a code-sharing agreement and from interim destinations to final destinations by the taxpayer’s owned/chartered/leased aircraft. …
Continue Reading