Taxation of a 100% Foreign Subsidairy of an Indian Co

This query is : Resolved 

14 August 2008 I Require information in Respect of Sections which get attracted in case of a 100% Subsidiary located in UAE, having no business transaction with the Holding Co. registered in India. I have studied and went through Sections 90, 90A and 91 but have not been able to get information on Tax implications of Business income that the Foreign Subsidiary Derives, in the hands of Indian Holding Co.
Thank You.

19 August 2008 Refer section 5 & 9


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