Arbitration settlement amount received in relation to project office in India is taxable

Advertisement TGE Gas Engineering GmbH Vs DCIT (ITAT Delhi) ITAT Delhi held that the amount of received in the arbitration settlement is related to project office of the assessee company in India. Accordingly, the same is taxable in India. Facts- The assessee was incorporated in Germany and is a tax resident therein. The assessee had a Project office in India during the year under consideration. The office was set up in 2012 when the assessee had entered into an EPC contract with Petronet LNG. The losses have been carried forward year after year. During the year under consideration, the ass...