Saturday International Tax Gyan!! (SITG No. 239) #taxmadeeasy #taxinpic
PE must be treated as a distinct and independent entity for taxation purposes. Profits attributable to a PE are taxable irrespective of the global financial performance of the enterprise. {Hyatt International Southwest Asia Ltd. vs ADIT [2024] 166 taxmann.com 466 (Delhi)[19-09-2024]}