“We may state that the same issue had arisen before this Authority in AAR 836 of 2009 in the case of Timken Company, USA, wherein … it was held that section 115JB [which concerns MAT] is not designed to be applicable to a foreign company who has no presence or PE in India… We are therefore of the view that the provision of section 115JB of the Act is not attracted in the case of the applicant.”
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
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