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No penalty on Foreign Co. due to false claim of not having any Indian PE when existence of PE was debatable

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  • No penalty on Foreign Co. due to false claim of not having any Indian PE when existence of PE was debatable
Posted onon March 22, 2017

Tenet Tax Daily March 21 2017

By tenettax-team
Corporate Tax, International Tax

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Rent taxable as business receipt as leasing out was part of business activity of firm as per partnership deed
Assessee need not disclose additional income in every year covered by settlement application

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