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2015 (10) TMI 406 - SC - Income TaxApplicability of Section 115JB in respect of foreign company which does not have any Permanent Establishment (PE) in India - Held that:- A circular dated 02.09.2015 issued by the Central Board of Direct Taxes, Ministry of Finance, Government of India states that Minimum Alternate Tax (MAT) provisions will not be available to FIIs and FPIs not having the business/Permanent Establishment in India for the period prior to 01.04.2015. - An appropriate amendment to the Income Tax Act in this regard will be carried out - Appeals disposed of.
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