https://www.taxtmi.com/highlights?id=75034 Taxability of income in India - Income attributable to India - income of advertisement and subscription revenue - Permanent Establishment (PE) - business connection - The Tribunal upheld that the assessee has a 'Business Connection' in India. However, it was determined that since the assessee compensated its Indian agents (ZTL and El-Zee) at an arm's length price, no further income from advertisement and subscription revenue is attributable to the assessee from operations carried out in India. - The Tribunal upheld the CIT(A)'s acceptance of the assessee's cash system of accounting, aligning with the consistency in the assessee's past accounting practices. en-us Tue, 20 Feb 2024 08:31:22 +0530 Tue, 20 Feb 2024 08:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75034 Taxability of income in India - Income attributable to India - income of advertisement and subscription revenue - Permanent Establishment (PE) - business connection - The Tribunal upheld that the assessee has a 'Business Connection' in India. However, it was determined that since the assessee compensated its Indian agents (ZTL and El-Zee) at an arm's length price, no further income from advertisement and subscription revenue is attributable to the assessee from operations carried out in India. - The Tribunal upheld the CIT(A)'s acceptance of the assessee's cash system of accounting, aligning with the consistency in the assessee's past accounting practices. Highlights Income Tax Tue, 20 Feb 2024 08:31:22 +0530 https://www.taxtmi.com/highlights?id=75034