TMI BlogIncome accrued in India - PE in India - attributing profits to the P.E - Computation made by the A.O. in...Income accrued in India - PE in India - attributing profits to the P.E - Computation made by the A.O. in his assessment order is incorrect as the AO has not allowed the payments made by the Appellant to NSN India for the services rendered by NSN India as a deduction from the profit attributable to the alleged PE. If the said payments are allowed as a deduction from the gross profit figures taken by the A.O., then again the resultant figure would be losses. Consequently, even if the method of att..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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