https://www.taxtmi.com/caselaws?id=250952 The High Court reaffirmed the 15% profit attribution ratio for the appellant's Indian operations, emphasizing consistency with previous judgments. The Court held that the Tribunal erred in not applying the ratio consistently and remitting the issue for fresh determination. The High Court clarified that the 15% ratio should continue to apply, subject to expense deductions. Consequently, the appeals were decided in favor of the appellant, setting aside the Tribunal's order and confirming no tax liability due to offsetting expenses incurred in India. en-us Mon, 25 Aug 2014 00:00:00 +0530 Fri, 20 Feb 2015 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250952 The High Court reaffirmed the 15% profit attribution ratio for the appellant's Indian operations, emphasizing consistency with previous judgments. The Court held that the Tribunal erred in not applying the ratio consistently and remitting the issue for fresh determination. The High Court clarified that the 15% ratio should continue to apply, subject to expense deductions. Consequently, the appeals were decided in favor of the appellant, setting aside the Tribunal's order and confirming no tax liability due to offsetting expenses incurred in India. Case-Laws Income Tax Mon, 25 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250952