Even in a composite contract, off-shore profits cannot be assessed by dept. without showing its attribution to PE

Being a resident of Korea, appellant is governed by the Income-tax Laws applicable to the class of assessees as that of the appellant as prevalent in Korea. Therefore, it has a tax identity  in Korea. In addition thereto, appellant has submitted to the jurisdiction of Indian Taxing Authorities by furnishing return of income and, thereby, acknowledged that it has also a tax identity in India.

The question is, this identity is covered by which provision of the Agreement. In terms of paragraph 1 of Article 7, appellant will acqu

Please become a Premium member. If you are already a Premium member, login here to access the full content.