AAR ON TAXABILITY OF A CANADIAN COMPANY, HAVING NO PE IN IND
Last updated: 24 September 2008
Court :
THE AUTHORITY FOR ADVANCE RULINGS (INCOME TAX) NEW DELHI
Brief :
Where the applicant is in the business of providing bioanalytical services to various pharmaceutical companies around the world, the consideration/fee paid by the Indian pharmaceutical companies to the applicant in respect of bioequivalence tests conducted by it is in the nature of ‘business profits’ under article 7 of the Indo-Canada DTAA and the same is not taxable in India as the applicant does not have a PE in India.
Citation :
Anapharm Inc, In re:
AAR NO. 746 of 2008
September 11, 2008
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 2999/-
Offer Price : INR 1999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
CHEZHIYAN
Published in Income Tax
Views : 62
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
