Section 44BB of the Income Tax Act cannot be applied in the absence of PE: ITAT [Read Order]

By Fathima Karama A.M - On June 9, 2023 9:00 pm - 2 mins read
Income Tax Act - Income Tax - absence of PE - PE - ITAT - Taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that Section 44BB of the Income Tax Act could not be applied in the absence of a Permanent Establishment (PE). The assessee, Baker Hughes Energy Technology UK Limited, was a company incorporated in and a tax resident of the United Kingdom (UK). It was…

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