https://www.taxtmi.com/highlights?id=77272 Income accrued in India or not - Dependent Agent - PE in India or not? - The Tribunal upheld the assessee's argument that its operations did not constitute a business connection or PE in India, as core activities were conducted outside the country. Previous Tribunal decisions supported the conclusion that the Indian branch's activities were preparatory/auxiliary and did not constitute a PE. The Tribunal directed the assessing officer to allow TDS credit as claimed and dismissed penalty proceedings and interest levy. en-us Thu, 09 May 2024 10:53:50 +0530 Thu, 09 May 2024 10:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77272 Income accrued in India or not - Dependent Agent - PE in India or not? - The Tribunal upheld the assessee's argument that its operations did not constitute a business connection or PE in India, as core activities were conducted outside the country. Previous Tribunal decisions supported the conclusion that the Indian branch's activities were preparatory/auxiliary and did not constitute a PE. The Tribunal directed the assessing officer to allow TDS credit as claimed and dismissed penalty proceedings and interest levy. Highlights Income Tax Thu, 09 May 2024 10:53:50 +0530 https://www.taxtmi.com/highlights?id=77272