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SECTION 9 OF THE INCOME-TAX ACT, 1961 – INCOME – DEEMED TO ACCRUE OR ARISE IN INDIA

January 17, 2024

Permanent Establishment – Fixed PE, Place of business : Where in matter of revenue recognition, Supreme Court upheld view of Tribunal that 15 per cent of revenue generated from bookings made within India was attributable to permanent establishment of assessee, since matter stood closed on merits, appeal was to be closed as having been rendered academic – Commissioner of Income-tax, IT-3 v. Travelport L.P. USA – [2024] 158 taxmann.com 351 (Delhi)

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