SC admits Revenue's SLP on UAE company’s turnkey contract-revenue taxability absent PE

Oct 18,2016

SC admits Revenue’s SLP against Delhi HC ruling in case of a UAE based Petroleum Company (‘assessee’); Delhi HC had held that contract revenue received by assessee from ONGC was not taxable in India absent existence of PE in India; Observing that the assessee’s Project Office (‘PO’) in India was merely used as a communication channel...

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