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Seismic surveys qualify as PE: Huge implication for oil & gas industry
Apr 13: A recent ruling that vessels engaged in temporary seismic surveys in the high seas off the coast of India will be deemed to have had a fixed Permanent Residence (PE) in India seems to have rattled the offshore industry.
8The income arising out of Indian operations will be subject to tax in India as business income
8There have been different ruling on this question in the past but the latest order will influence similar pleadings filed later
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