Post by Bar and Bench

The Delhi High Court on Sep 02 issued notice in an appeal filed by the Income Tax Department challenging a March 2024 ruling of the Income-Tax Appellate Tribunal (ITAT) which held that UK-headquartered law firm Clifford Chance’s Singapore entity did not have a taxable presence in India. The principal question of law before the Court is whether tax can be levied on the assumption that a “virtual permanent establishment” exists in India under the India–Singapore Double Taxation Avoidance Agreement (DTAA). Read the details: https://lnkd.in/d8KcAxSe The IT department was represented by Advocate Puneet Rai. Clifford Chance was represented by Senior Advocate Ajay Vohra. #DelhiHighCourt #ForeignLawFirms #IncomeTaxAct #ITAT #CliffordChance #Legalnews