Sale outside India; No tax liability in India: ITAT Delhi

Air Liquide Global EC Germany GMBH Vs ACIT (ITAT Delhi) In a landmark decision, the Income Tax Appellate Tribunal (ITAT) Delhi bench adjudicated the appeal filed by Air Liquide Global EC Germany GMBH against the Assistant Commissioner of Income Tax (ACIT) concerning the taxability of amounts received from offshore supplies. The case, pertaining to the assessment year 2020-21, highlights critical aspects of international taxation, Permanent Establishment (PE), and the applicability of specific sections of the Income-tax Act, 1961, in the context of cross-border transactions. Background and Core...