Facts
of the Case
Hyatt
International Southwest Asia Ltd., a tax resident of the United Arab Emirates,
carried on business in India through arrangements including Strategic Oversight
Services Agreements (SOSA) with Indian entities. The Revenue alleged that the
assessee had a Permanent Establishment (PE) in India under Article 5 of
the India–UAE DTAA.
For
several assessment years, the Income Tax Appellate Tribunal held that while a
PE existed, no profits could be attributed to it because the assessee
had incurred global losses at the enterprise level. This view relied
heavily on the Delhi High Court decision in CIT (International Taxation) v.
Nokia Solutions and Networks OY.
When
the Revenue challenged these findings, a Division Bench doubted the correctness
of Nokia Solutions and referred the issue to a Full Bench,
specifically on whether profit attribution to a PE is impermissible when the
foreign enterprise suffers overall losses.
Issues
Involved
Whether
profits can be attributed to an Indian Permanent Establishment when the foreign
enterprise has incurred global losses.
Whether
Article 7 of the DTAA mandates consideration of entity-level profitability
for PE taxation.
Whether
the decision in CIT v. Nokia Solutions and Networks OY lays down correct
law.
Petitioner’s
Arguments
The
assessee contended that:
Article
7(1) of the DTAA permits taxation only if the enterprise earns profits at a
global level.
If
the enterprise as a whole has incurred losses, no question arises of
attributing profits to a PE.
The
issue was squarely covered by Nokia Solutions, which had attained
finality.
The
Special Bench decision in Motorola Inc. supported attribution based on
global net profit margins.
Respondent’s
Arguments
The
Revenue argued that:
A PE
is treated as a distinct and independent enterprise for taxation
purposes under Article 7(2).
Profit
attribution must be based on the functions, assets and risks of the PE,
irrespective of global losses.
Nokia
Solutions
misconstrued Motorola Inc. and Article 7 of the DTAA.
OECD
Commentary supports attribution even where the enterprise as a whole has not
made profits.
Court
Order / Findings
The
Full Bench of the Delhi High Court held that:
Article
7(2) mandates treating the PE as a separate and independent enterprise for
profit attribution.
The
existence of global losses does not preclude attribution of profits to a
PE if the PE itself performs profit-generating functions.
The
decision in Nokia Solutions incorrectly interpreted Motorola Inc.
and Article 7 of the DTAA and is overruled.
Global
profits or losses are not determinative; what matters is the profitability
of the PE on a standalone basis.
OECD
Commentary and international tax principles support attribution independent of
entity-level results.
Important
Clarification
The
Court clarified that:
Res
judicata does not apply to questions of law in tax matters.
Prior
acceptance of a legal position by the Revenue does not prevent it from urging
the correct position of law.
Attribution
must be undertaken consistently year-by-year unless there is a material change
in facts.
Final
Outcome
Appeals
of the Assessee Dismissed on the Referred Question Full Bench Holds Profit
Attribution to PE Valid Despite Global Losses
Decision in CIT v. Nokia Solutions and Networks OY Overruled
Article 7 DTAA Interpreted to Treat PE as Independent Profit Centre
Link
to download the order - https://www.mytaxexpert.co.in/uploads/1770193478_HYATTINTERNATIONALSOUTHWESTASIALTDVsDEPUTYCOMMISSIONEROFINCOMETAX.pdf
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