Alteo Energy Ltd v Assessment Review Committee & Anor.

The Supreme Court of Mauritius recently issued a critical judgement in Alteo Energy Ltd v Assessment Review Committee & Anor. This ruling clarified the application of the 80% partial exemption on interest income under the Income Tax Act 1995 (ITA) and Regulation 23D(2) of the Income Tax Regulations 1996 (IT Regulations). This case is significant for companies looking to maximize their tax positions while adhering to the ITA’s substantive standards.