https://www.taxtmi.com/caselaws?id=218750 The High Court allowed the condonation of delay in the appeal, emphasizing the importance of proper assessment in tax matters. The Court directed the Assessing Authority to verify the tax liability of a foreign company with an assembly project in India, stressing the need for accurate assessment, especially regarding permanent establishment. If a permanent establishment is confirmed, the Authority can take necessary actions under the Income Tax Act. The case underscores the significance of factual accuracy and thorough examination by tax authorities in determining tax liability for foreign companies operating in India. en-us Fri, 19 Oct 2012 00:00:00 +0530 Sat, 24 Nov 2012 00:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218750 The High Court allowed the condonation of delay in the appeal, emphasizing the importance of proper assessment in tax matters. The Court directed the Assessing Authority to verify the tax liability of a foreign company with an assembly project in India, stressing the need for accurate assessment, especially regarding permanent establishment. If a permanent establishment is confirmed, the Authority can take necessary actions under the Income Tax Act. The case underscores the significance of factual accuracy and thorough examination by tax authorities in determining tax liability for foreign companies operating in India. Case-Laws Income Tax Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218750