The court on 18 December held that Western Union did not have a so-called permanent establishment (PE) in India and, therefore, could not be taxed under the Income Tax Act, 1961, for transactions between 2001 and 2016.
The high court bench ruled that the mere provision of software by a foreign company to its Indian agents did not constitute a PE to attract tax liability.
Esta historia es de la edición December 20, 2024 de Mint Mumbai.
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Esta historia es de la edición December 20, 2024 de Mint Mumbai.
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