SIPL is an independent agent under Article 5(6) of the India-Holland tax treaty; no Permanent Establishment in India.

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....P.E. in India - SIPL was an independent agent under Article 5(6)of the tax treaty between India and Holland, that the activities of the agent were carried out in its ordinary course of business, that the agent was not wholly and exclusively devoted to the assessee, that payments made to SIPL were at arm's length - Assessee does not have PE in India....