MasterCard Asia Pacific Ltd. requested a stay on paying India’s 2% equalization levy, because the income could be subject to income tax in India if it was treated as having a permanent establishment in India (which is currently being contested). The full text of the application is reproduced below.
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MASTERCARD ASIA PACIFIC PTE. LTD.
Petitioner
Through: Mr. Harish N. Salve, Senior Advocate with Ms. Anuradha Dutt, Mr. Tushar Jarwal, Mr. Rahul Sateeja and Mr. Deepak Thackur, Advocates.
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