Monday, September 17, 2012

Review Petition allowed & judgement recalled on issue of PE & profit attribution

The judgement in Rolls Royce Singapore Pvt Ltd vs. DCIT is recalled to decide the issue whether (a) ANR, which was the agent of the assessee, could be treated as the "permanent establishment: and (b) what would be the reasonable arms’ length price in the hands of ANR/ PE which can be assesssed in India.

Rolls Royce Singapore Pvt Ltd vs. DCIT (Delhi High Court)

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Delhi HC holds 10% pre-deposit requirement for penalty-only appeals inapplicable where SCN was issued before amendment

  This Tax Alert summarizes a recent ruling of the Delhi High Court (HC) [1] on whether the newly introduced pre-deposit requirement for fi...