Delhi High Court Decision Reignites Debate: Can Profit be Attributed to the Permanent Establishment of a Non-Resident Entity in India Despite a Global Level Loss?
In a ruling with significant implications for multinational corporations with a presence in India, the Delhi High Court recently held that a permanent establishment must be treated as a separate taxable entity, regardless of the overall financial performance of the enterprise. While this decision aligns with international tax principles, it overturns a previous ruling and may lead to further judicial challenges and clarifications in the future.
Shifting Trends in Anti-Dumping Duties: Back to Normal?
After rarely rejecting recommendations for the imposition of anti-dumping duties until 2019, India's Ministry of Finance began rejecting most recommendations from 2020 to mid-2023. This article traces this shift in trend and a recent return to the traditional approach of accepting recommendations and discusses the way forward for domestic producers.
