Permanent Establishment (PE) taxable as Independent Entity: Delhi HC in Hyatt International Case

The Delhi High Court ruled that a Permanent Establishment (PE) should be taxed as a distinct and independent entity under the Income Tax Act. This decision emerged from a case involving Hyatt International, emphasizing that PEs operating within India must adhere to local tax obligations independently from their foreign parent companies. This ruling clarifies the tax treatment of foreign establishments operating in India.