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Treaty between India and Korea (Rep.) – Indian decision on taxability of offshore portion of composite contract

|Treaty Development|India-Korea (Rep.)
India-Korea (Rep.)

The Supreme Court of India delivered a ruling dated 18 May 2007 in the case of Commissioner of Income Tax v. Hyundai Heavy Industries Co. Ltd. (291 ITR 482) on whether a South Korean company was liable to tax in India on the offshore portion of a composite contract executed in South Korea, and also when does a permanent establishment (PE) come into existence in India in such contrac…

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