No Profits attributable to PE if it records a Global Net Loss: Delhi HC grants relief to Nokia [Read Order]

By Navasree A.M - On December 20, 2022 5:22 pm - 2 mins read
Global Net Loss - Delhi High Court - PE - Permanent Establishment - Nokia - relief to Nokia - taxscan

In  a recent judgment pronounced by Delhi High Court, chaired by Justice Rajiv Shakedhar and Justice Tara Vitasta Ganju, upheld the decision of the Income Tax Appellate Tribunal (ITAT) that the no profits attributable to the Permanent Establishment (PE) if it is a global net loss. This appeal was preferred by the revenue against the…

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