https://www.taxtmi.com/caselaws?id=265131 The Supreme Court clarified that Minimum Alternate Tax (MAT) provisions do not apply to Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) without a Permanent Establishment in India before April 1, 2015. The decision was based on a circular by the Central Board of Direct Taxes and a Press Release outlining conditions for non-applicability of MAT to foreign companies under Double Tax Avoidance Agreements. The Court disposed of appeals in accordance with these clarifications, providing certainty on tax treatment for foreign companies without a place of business in India. en-us Wed, 30 Sep 2015 00:00:00 +0530 Sat, 05 Mar 2016 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265131 The Supreme Court clarified that Minimum Alternate Tax (MAT) provisions do not apply to Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) without a Permanent Establishment in India before April 1, 2015. The decision was based on a circular by the Central Board of Direct Taxes and a Press Release outlining conditions for non-applicability of MAT to foreign companies under Double Tax Avoidance Agreements. The Court disposed of appeals in accordance with these clarifications, providing certainty on tax treatment for foreign companies without a place of business in India. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265131