Even in Turnkey Contract, off-shore supply profits not taxable if transfer of title to purchaser takes place abroad

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 ...