Compensation including interest not taxable in absence of PE

Court; Mumbai Income Tax Appellate Tribunal

Citation: M/s. Gold crest Exports Vs. ITO [2010-TII-124-1TAT-MUM-INTL]

Brief :Mumbai Income-tax Appellate Tribunal (the Tribunal) in the case of M/s. Gold crest Exports Vs. ITO [2010-TII-124-1TAT-MUM-INTL] held that compensation payable for breach of contract to a foreign company would not be taxable in the hands of the foreign company in the absence of a permanent establishment (“PE”)

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