If ‘business income’ not taxable due to absence of PE in India, it cannot be taxed as ‘other income’

IN THE ITAT MUMBAI BENCH ‘L’ P.T. McKinsey Indonesia Versus Deputy Director of Income-tax (International Taxation) IT APPEAL NO. 7625 (MUM.) OF 2010 [ASSESSMENT YEAR 2007-08] JANUARY 16, 2013 ORDER Rajendra, Accountant Member The present appeal is filed against the direction dt. 28-07-2010 of Dispute Resolution Panel-II, (DRP) Mumbai. Following Grounds of Appeal have been raised by the Appellant: Based on the facts and circumstances of the case, P.T. McKinsey Indonesia (hereinafter referred to as the ‘Appellant’) craves to prefer an appeal against the...