This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Business income accruing or arising to the applicant can be taxed in India only in respect of such operations carried out in India – AAR
Case Law Details
- Case Name
- In re CTCI Overseas Corporation Ltd. (AAR Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Advance Rulings
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
CTCI Overseas Corporation Ltd. In Re (AAR)- In the present case, though the applicant has a business connection in India, it has not carried out any part of the business relating to offshore supplies in India. Under the deeming provision of section 9(1) read with Explanation 1(a), any business income accruing or arising to the applicant can be taxed in India only in respect of such operations carried out in India.
All that is income in the transaction for supplies has not arisen in India as the right, title, payments, etc, in the supplies have passed on to Petronet which is importing these s...
