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    <title>Determining POEM: Intermediate Holding Company in India Doesn&#039;t Automatically Mean Subsidiaries&#039; POEM is in India Too.</title>
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    <description>Merely because the Place of Effective management of an intermediate holding company is India the POEM of its subsidiaries shall not be taken to be in India. Each subsidiary has to be examined separately</description>
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      <description>Merely because the Place of Effective management of an intermediate holding company is India the POEM of its subsidiaries shall not be taken to be in India. Each subsidiary has to be examined separately</description>
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