Assistant Commissioner Of Income Tax vs E-Funds It Solution Inc.

Authority: Supreme Court Date: 2017-10-24 AY: 2000-01, 2001-02, 2002-03, 2003-04, 2004-05, 2005-06, 2006-07, 2007-08 Section: 90(1), 10A, 44-BB Acts: Income Tax Act 1961, India-US Double Taxation Avoidance Agreement 1990 Result: Assessee Citation: (2017) 100 CCH 0048 ISCC : (2017) 158 DTR 0337 (SC) : (2017) 399 ITR 0034 (SC) : (2017) 251 TAXMAN 0 Justices: R. F. NARIMAN & SANJAY KISHAN KAUL, JJ. Appeal No: CIVIL APPEAL NO. 6082 OF 2015, 2962 OF 2016, 6087, 6102, 6084, 6100, 6094
Whether the US-based assessee companies had a Permanent Establishment (PE) in India under Article 5 of the India-US DTAA, making their income attributable to India taxable --- Held No. Whether the existence of a 100% Indian subsidiary and arm's length pricing transactions automatically creates a PE for the foreign parent company --- Held No.

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