Supply of equipment and design and drawings by foreign company in India from outside India is not taxable in India

Brief Facts of the case 1. The assessee is a tax resident of Germany, engaged inter alia in the business of providing innovative and environmentally sound solutions for a variety of customers in metals and minerals processing industries. The assessee-company filed its return of income electronically for the relevant AY 2010-11 on 29-03.2012 declaring total income at Rs.1,85,60,360/-. The AO framed draft proposed assessment order u/s 143(3) r.w.s 144C of the Act proposing to assess the following income three incomes a. Sale of equipment as taxable in India:- the assessee supplied equipment to ...