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Delhi High Court Full Bench Rules: “Permanent Establishment (PE) in India Liable to Pay Tax on Profits Attributable to Indian Operations Under Double Taxation Avoidance Agreement (DTAA), Even if Global Losses are Recorded”
Court's Decision: The Full Bench of the Delhi High Court, constituted following a Division Bench's referral, held that a Permanent Establishment (PE) in India is liable to pay tax on…