PE in India - scope of fixed place of business - The assessee ...

Ruling Clarifies: Nominating a Director Doesn't Establish Permanent Establishment in India for Shareholders.

January 8, 2024

Case Laws     Income Tax     AT

PE in India - scope of fixed place of business - The assessee being the major shareholder of EXL India, it has the legal right to nominate a director on the Board of EXL India and merely because the assessee has nominated a director on the Board of EXL India would not mean that the assessee has a “Place of Management” in India. - AT

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