Cap gains from sale of G-Securities if not taxable in UAE shall not be taxable in India as well unde

IT/ILT : Where capital gain accrued to residents of UAE from sale of Government Securities in India carried out through respondent bank, was not taxable in UAE, income so generated could not be subjected to tax in India and, therefore, respondent bank was not liable to deduct tax at source while remitting amount in question to non-residents