https://www.taxtmi.com/caselaws?id=175420 The court held that Section 115JA of the Income-tax Act, 1961, applies to all companies, including foreign ones, to ensure that companies pay tax on at least 30% of their book profits if their taxable income falls below this threshold. The judgment clarified that the provisions of Section 115JA are broad and not limited to domestic companies. Additionally, the court ruled that under the Double Taxation Avoidance Agreement (DTAA) between India and the Netherlands, the foreign company must compute the profit attributable to its permanent establishment in India and is liable to be taxed accordingly. en-us Mon, 20 Jul 1998 00:00:00 +0530 Sat, 21 Nov 2015 22:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175420 The court held that Section 115JA of the Income-tax Act, 1961, applies to all companies, including foreign ones, to ensure that companies pay tax on at least 30% of their book profits if their taxable income falls below this threshold. The judgment clarified that the provisions of Section 115JA are broad and not limited to domestic companies. Additionally, the court ruled that under the Double Taxation Avoidance Agreement (DTAA) between India and the Netherlands, the foreign company must compute the profit attributable to its permanent establishment in India and is liable to be taxed accordingly. Case-Laws Income Tax Mon, 20 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175420