Business support activities proposed by Indian subsidiary won’t create PE of its foreign holding Co.: AAR

IT : Where applicant, a State owned oil company of Kingdom of Saudi Arabia and world's largest crude oil exporter, has set up a subsidiary, Aramco India, as a separate legal entity, to provide procurement related support services under Services Agreement, and extend further support to Saudi Aramco's Crude Oil Sales and Marketing Department, by providing business support/marketing support functions under Proposed Addendum, since no material has been brought on record to show that support team in

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