Significant economic presence exclusion: purchases in India solely for export are not treated as SEP under amended rules. The amendment excludes transactions confined to the purchase of goods in India for the purpose of export from constituting significant economic presence for non-residents, inserts a proviso to that effect in the defining Explanation, makes a consequential wording change to a subsequent proviso, and applies prospectively from 1st April, 2026 for the assessment year 2026-2027 onward.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Significant economic presence exclusion: purchases in India solely for export are not treated as SEP under amended rules.
The amendment excludes transactions confined to the purchase of goods in India for the purpose of export from constituting significant economic presence for non-residents, inserts a proviso to that effect in the defining Explanation, makes a consequential wording change to a subsequent proviso, and applies prospectively from 1st April, 2026 for the assessment year 2026-2027 onward.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
