The case of Morgan Stanley & Co. Inc. v. DIT (India) centered on the determination of whether Morgan Stanley & Co. Inc. (MSCo), a U.S.-based company, had a Permanent Establishment (PE) in India through its subsidiary, Morgan Stanley Advantage Services Pvt. Ltd. (MSAS).
Supreme Court Judgment Analysis: Morgan Stanley & Co. Inc. v. DIT (India) Read More »
The case revolves around cross-appeals by Motorola, Ericsson, and Nokia against the Income TaxIncome Tax is a direct levy imposed by governments on the income generated by individuals, corporations, and other entities within a specific jurisdiction. It serves as a major source of revenue for governments and funds various public expenditures, such as infrastructure projects, healthcare, education, national security, and welfare programs. The tax is generally calculated as a percentage of the taxable... More Department of India, challenging the taxability of revenues generated from the supply of equipment and software to Indian telecom operators.
Motorola Inc. vs. India (DCIT) Read More »
