Sponsored
    Follow Us:

Case Law Details

Case Name : Dongfang Electric Corporation Vs. DCIT (ITAT Kolkata)
Related Assessment Year : 2007-08
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Merely because assessee incurred a loss on onshore activities it cannot be said that price was deliberately kept at a lower amount to avoid taxability in India

In the present case, the assessee has stated that all the activities of the assessee company, i.e. onshore as also offshore, resulted in huge losses due to inordinate delays in the project. The assessee has also filed audited accounts of its Indian projects, including in respect of offshore supplies, which show losses in both segments – onshore as als

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31