ITAT rules appellant company not a Permanent Establishment of Japanese parent, no TDS liability u/ss 195 & 40(a)(i).

ITAT rules appellant company not a Permanent Establishment of Japanese parent, no TDS liability u/ss 195 & 40(a)(i). https://www.taxtmi.com/highlights?id=69500 TDS u/s 195 - non-deduction of TDS u/s 40(a) (i) - assessee company is a subsidiary company of its parent company in Japan - the appellant is not the PE of Mitusi & Co. Ltd (Japan), hence in view of said findings of the Honorable ITAT there is no question of attribution of any profit of Mitusi & Co. Ltd (Japan) to the appellant company - No TDS liability - AT en-us Sat, 29 Apr 2023 09:07:31 +0530 Sat, 29 Apr 2023 09:07:31 +0530 TaxTMI RSS Generator ITAT rules appellant company not a Permanent Establishment of Japanese parent, no TDS liability u/ss 195 & 40(a)(i). https://www.taxtmi.com/highlights?id=69500 TDS u/s 195 - non-deduction of TDS u/s 40(a) (i) - assessee company is a subsidiary company of its parent company in Japan - the appellant is not the PE of Mitusi & Co. Ltd (Japan), hence in view of said findings of the Honorable ITAT there is no question of attribution of any profit of Mitusi & Co. Ltd (Japan) to the appellant company - No TDS liability - AT Highlights Income Tax Sat, 29 Apr 2023 09:07:31 +0530 https://www.taxtmi.com/highlights?id=69500