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Even in Turnkey Contract, off-shore supply profits not taxable if transfer of title to purchaser takes place abroad
Case Law Details
- Case Name
- Director of Income Tax Vs LG Cable Ltd. (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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The profits from the offshore supply contract held to be not liable to tax in India on the ground that the transfer of title in the goods had passed outside India.
REPORTED
* IN THE HIGH COURT OF DELHI AT NEW DELHI
+ ITA No. 703/2009
DIRECTOR OF INCOME TAX, NEW DELHI Appellant
Through: Mr. Sanjeev Sabharwal, Advocate
versus
LG CABLE LTD. Respondent
Through: Mr. N. Venkatraman, Sr. Advocate with
Mr. Satish Kumar, Advocate
% Date of Decision: December 24, 2010
: REVA KHETRAPAL, J.
1. This is an appeal under Section 260-A of the Income-Tax Act, 1961 („the Act?) admitted on the following substan...
