No Tax Implications On Business Profits Earned On Reinsurance Business In Absence Of Fixed Place PE in India: ITAT
Live LawThe Mumbai Bench of the Income Tax Appellate Tribunal has held that there are no tax implications on business profits earned on account of the reinsurance business in the absence of a fixed place permanent establishment in India.The two-member bench headed by Pramod Kumar and Anikesh Banerjee has observed that the existence of the dependent. The Mumbai Bench of the Income Tax Appellate Tribunal has held that there are no tax implications on business profits earned on account of the reinsurance business in the absence of a fixed place permanent establishment in India. The business profits earned by the assessee on account of the reinsurance business have no tax implications in India. Consequently, in the view of the authorities below, the assessee was liable to be taxed in respect of the business profits, arising out of the reinsurance premium received from the Indian insurance companies in India.
History of this topic
Existence Of Dependent Agent Permanent Establishment (DAPE) Is Of No Tax Consequence, If Agent Is Paid Arm's Length Remuneration: ITAT
Live Law
Accessing The Premises Of A JV Company For Technical Assistance Can't Be Treated As Permanent Establishment Under DTAA : Delhi ITAT
Live LawDiscover Related