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2011 (12) TMI 285 - AT - Income TaxStay Application - Non resident opened a liaison office in India - AO treated it as Permanent Establishment(PE) - Held That:- The Assessing Officer has called for certain material from the assessee. details were sketchy. There is no specific reference about the details. Assessing Officer has estimated the gp at 10% ignoring the g.p. disclosed by the assessee at its Head Office relating to the global profit. After payment of Rs 2 Crore out of 4 Crore, we stay recovery of demand for a period of 180 days or till the disposal of the appeal whichever event occurs first
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