Liaison Office in GE India rightly held as PE as it had authority to conclude contract on behalf of GE overseas

IT : Where assessee, U.S. company and a part of GE group, had set up a liasion office in India with permission of RBI to act as a communication channel, but survey conducted at LO's premises revealed that assessee was doing core marketing and sales activities, since GE carries out, i.e. manufacture and supply of highly specialized and technically customized equipment and the "core activity" of developing the customer (identifying a client), approaching that customer,

from www.taxmann.com Latest Case Laws http://bit.ly/2QwX2S0