https://www.taxtmi.com/caselaws?id=396579 The Tribunal upheld the determination that the assessee had a Permanent Establishment (PE) in India under the India-Singapore DTAA, based on consistent findings from previous years. However, the Tribunal reduced the income attributable to the PE, allowing the assessee's appeal. The Tribunal also partly allowed appeals regarding reimbursement of expenses and transfer pricing adjustment, while dismissing challenges to penalty proceedings initiation. The issue of interest computation on refund was remanded for verification. Overall, the Tribunal provided relief on some grounds but upheld the DCIT's findings on others. en-us Wed, 08 Jul 2020 00:00:00 +0530 Sat, 11 Jul 2020 11:32:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396579 The Tribunal upheld the determination that the assessee had a Permanent Establishment (PE) in India under the India-Singapore DTAA, based on consistent findings from previous years. However, the Tribunal reduced the income attributable to the PE, allowing the assessee's appeal. The Tribunal also partly allowed appeals regarding reimbursement of expenses and transfer pricing adjustment, while dismissing challenges to penalty proceedings initiation. The issue of interest computation on refund was remanded for verification. Overall, the Tribunal provided relief on some grounds but upheld the DCIT's findings on others. Case-Laws Income Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396579