Branch which is not PE in respect of the business done out of the supplies made by foreign principal not taxable in India
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
On the facts and in the circumstances of the case and in law, the Ld. CIT(Appeals) erred in holding that the assessee branch is not the PE in respect of the business done out of the supplies made by foreign principal and accordingly, its business profits attributable to PE are not taxable in India
Citation :
ADIT (IT)-2(1),R.No.116, 1st floor, Scindia House,Ballard Estate, N.M. Road,Mumbai-400 038.Appellant Vs.M/s. Varian Medical Systems (India) Pvt. Ltd.,India Branch Office, 602, Pressman House, Plot No.70A, Jain Road, Vile Parle (E),Mumbai-400 099.PAN: AAACV9418J. Respondent
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Ayush
Published in Income Tax
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