Author: Ameet Baid, Chandandeep kaur and Mohit Jain, ASA
In this article, the Supreme Court’s ruling in Pride Foramer S.A. v. CIT is analysed to clarify the difference between a temporary lull and cessation of business. It explains how preparatory activities, strategic intent, and continuity of engagement can sustain business existence for tax purposes, even without an active contract or Permanent Establishment in India.
Published on – Taxmann
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