Monday, February 4, 2019

ITAT justified reassessment as Foreign Co. had failed to disclose revenue earned from its PE in India

IT/ILT: Where on basis of materials gathered, during survey at India Liason Office of non-resident assessee, it was evident that assessee had a PE in India and it had failed to disclose revenue received from sales made to Indian customers through its Indian Office, income having escaped assessment, reassessment proceedings were justified

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

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