The Indian Supreme Court has issued its decision on whether two U.S. companies had a permanent establishment (PE) in India as a result of contract services outsourced to a related Indian company. The case involved U.S.-based e-Funds Corporation and its affiliate e-Funds IT Solutions Group Inc. (together e-Funds U.S.), which are engaged in the business of ATM management services, electronic payment services, risk management services, and related IT services. For the purpose of providing IT ser…