https://www.taxtmi.com/caselaws?id=248464 For a non-resident, only income reasonably attributable to operations carried out in India and having a real nexus with the Indian permanent establishment can be taxed; offshore supply receipts do not become taxable merely because they relate to an Indian project. The tribunal deleted taxation of the offshore supply income, but upheld rejection of books for the onshore contracts and sustained estimation of profit at 10% under the best-judgment approach. It also upheld reassessment where the original return had been processed under section 143(1), while the levy of interest under sections 234B and 234D was remitted for verification of tax deduction and year-specific applicability. en-us Wed, 28 May 2014 00:00:00 +0530 Fri, 13 Mar 2015 14:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248464 For a non-resident, only income reasonably attributable to operations carried out in India and having a real nexus with the Indian permanent establishment can be taxed; offshore supply receipts do not become taxable merely because they relate to an Indian project. The tribunal deleted taxation of the offshore supply income, but upheld rejection of books for the onshore contracts and sustained estimation of profit at 10% under the best-judgment approach. It also upheld reassessment where the original return had been processed under section 143(1), while the levy of interest under sections 234B and 234D was remitted for verification of tax deduction and year-specific applicability. Case-Laws Income Tax Wed, 28 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248464