3. Subsidiary as a Permanent Establishment: Hon'ble Court after analyzing the definition of PE as contained under Article 5 of the DTAA observed that a subsidiary per se does not constitute a PE.
Greg Ip is chief economics commentator of The Wall Street Journal. He writes about U.S. and global economic developments and policy in the weekly Capital Account column and on Real Time Economics, the Wall Street Journalâs economics blog.
About Greg Iles: Greg Iles is an American writer who was born in 1960. He was actually born in Germany because his Father was a doctor and was in charge of the US Embassy Clinic. He was raised in Mississippi and managed to graduate from the University of Mississippi in 1980.