Delhi ITAT denies DTAA benefit: TRC insufficient without economic substance
Hareon Solar Singapore Pvt. Ltd. ('Assessee'), incorporated in Singapore in April 2015, is a wholly owned subsidiary of Hareon Solar Co. Ltd., Hong Kong ('H Co'), which is in turn wholly owned by Hareon Solar Technology Co. Ltd., China ('C Co'), the ultimate holding company and a global leader in manufacturing solar PV modules.
