Case Law Details
Case Name : Joint Stock Company Foreign Economic Association “Technopromexport” (Authority for Advance Rulings)
Related Assessment Year :
Courts :
Advance Rulings
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
This article contain summary of a recent ruling of the Authority for Advance Rulings (AAR) [AAR No. 827 of 2009] in the case of Joint Stock Company Foreign Economic Association “Techno prom export” (Applicant) on the issue of tax ability of income from offshore supplies. Based on the terms of the contract, documents submitted by the Applicant and the legal precedents, the AAR held that the transaction for sale was concluded outside India.
Hence, no income from offshore supplies accrues or arises or can be deemed to accrue or arise to the Applicant in India under the Indian Tax Law (ITL). T...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Does this ruling continue to hold ground after the recent retrospective amendment in Explanation to Sec 9, in the Finance Bill 2010?