New Delhi — In a strategic move aligned with its push to deepen its footprint in India, Apple Inc. is reportedly lobbying the Indian government to amend long-standing income tax provisions that currently classify its ownership of high-end iPhone manufacturing equipment in India as a “business connection.” If successful, the changes could relieve Apple of substantial tax liability and unlock smoother expansion of its local manufacturing network.
The Crux of the Dispute
Under the prevailing regime, the Income Tax Act of 1961 treats foreign ownership of manufacturing equipment used in India as constituting a “business connection” — a classification that effectively makes Apple’s global prof
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