Liaison Office couldn’t be treated as PE of foreign Co. if it didn’t finalize & transact a business deal on its own

IT : Where LO did not finalize and transact a business deal on its own or in name of HO, LOs could not be regarded as permanent establishment of assessee in India and income directly or indirectly attributable to these branches/offices was not taxable in India

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000182112/liaison-office-couldn’t-be-treated-as-pe-of-foreign-co-if-it-didn’t-finalize-transact-a-business-deal-on-its-own.aspx