https://www.taxtmi.com/caselaws?id=75946 The Authority held that Aramco Overseas Company B.V. (AOC) is not entitled to the exemption under Explanation 1(b) to Section 9(1)(i) of the Income-tax Act as its Indian office does not function as a buying agent for Saudi AramCo or its affiliates. Consequently, the income derived from support services provided in India is taxable under Section 5(2). The ruling, issued on March 12, 2010, clarified that if AOC itself is the purchaser of goods exported from India, it may qualify for the exemption; otherwise, it is subject to taxation in India for the support services facilitated by its Indian office. en-us Fri, 12 Mar 2010 00:00:00 +0530 Thu, 31 Jan 2013 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75946 The Authority held that Aramco Overseas Company B.V. (AOC) is not entitled to the exemption under Explanation 1(b) to Section 9(1)(i) of the Income-tax Act as its Indian office does not function as a buying agent for Saudi AramCo or its affiliates. Consequently, the income derived from support services provided in India is taxable under Section 5(2). The ruling, issued on March 12, 2010, clarified that if AOC itself is the purchaser of goods exported from India, it may qualify for the exemption; otherwise, it is subject to taxation in India for the support services facilitated by its Indian office. Case-Laws Income Tax Fri, 12 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75946