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

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