Supreme Court ruling in Morgan Stanley
November 08, 2007
KR Girish and Rohit Jain, of KPMG in South India, review the Supreme Court verdict in Morgan Stanley
Supreme Court's decision in the case of Morgan Stanley
The taxpayer, Morgan Stanley (MS), a US tax resident, established a group company in India [Morgan Stanley Advantage Services Private (MSAS)]. MSAS provided back office operations, data processing and support services to MS under an agreement between the two companies.

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