Technology Considered ‘Made Available’ Only When Recipient Gains Enduring Benefit: Karnataka HC

CIT Vs De Beers India Minerals Pvt. Ltd. (Karnataka High Court) Technology will be considered to be “made available” only when the person requiring the service is enabled to apply for the same on his own resulting in some enduring benefit and that mere existence of the provision of the service by technical expert, would not mean that the same has been “made available” to the recipient. Karnataka High Court recently decided on a tax dispute in CIT vs. De Beers India Minerals Pvt. Ltd., involving payments made by Indian companies to Fugro Elbocon B.V., Netherlands, for airborne geophysic...