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‘Ready to use’ rig isn’t an Installation PE as per India-USA DTAA; HC denies interpreting term ‘used’ as per I-T Act

April 29, 2014[2014] 44 400 (Uttarakhand)/[2014] 223 Taxman 266 (Uttarakhand)/[2014] 271 CTR 111 (Uttarakhand)

IT/ILT: Word 'used' as specified in article 5 of India-USA DTAA clarifies usage of an installation or structure for exploration of natural resources and if it was so used for a period of 120 days in 12 months, only then it can be considered as PE in India and not merely being ready for use
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