https://www.taxtmi.com/caselaws?id=209732 The Authority ruled that the payment received by a Chinese company for offshore supply of equipment to an Indian company for a power project was not taxable in India. Despite the Revenue's argument of a potential permanent establishment in India, the Authority held that the transaction constituted an offshore sale based on contract terms and relevant documents. Citing a Supreme Court decision, the Authority overruled the Revenue's objection and clarified that the ruling only applied to offshore supplies under the specific contract, providing a clear resolution on the taxability issue. en-us Tue, 31 Jan 2012 00:00:00 +0530 Thu, 13 Dec 2012 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209732 The Authority ruled that the payment received by a Chinese company for offshore supply of equipment to an Indian company for a power project was not taxable in India. Despite the Revenue's argument of a potential permanent establishment in India, the Authority held that the transaction constituted an offshore sale based on contract terms and relevant documents. Citing a Supreme Court decision, the Authority overruled the Revenue's objection and clarified that the ruling only applied to offshore supplies under the specific contract, providing a clear resolution on the taxability issue. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209732