Income of a foreign shipping company not taxable in India under “place of effective management” test: The Rajkot Bench of the Income-tax Appellate Tribunal held that under Article 9 of the India-Denmark income tax treaty, earned by a foreign company from operations of ships in international traffic is not taxable in India because the place of effective management of such foreign company is outside India. The case is: Pearl Logistics and EX-IM Corporation. Read an April 2017 report [PDF 410 KB] of KPMG