https://www.taxtmi.com/caselaws?id=6601 The non-resident company from Hong Kong sought an advance ruling on the taxability of income in India from its proposed liaison office activities. The ruling determined that as the activities were limited to purchasing goods for export, the company would not have earned taxable income in India under the Income Tax Act. The Authority for Advance Rulings held that the company's operations fell under an exemption clause, and thus, it would not incur a tax liability in India. The ruling was issued on October 30, 2006, by the Authority for Advance Rulings. en-us Mon, 30 Oct 2006 00:00:00 +0530 Thu, 15 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6601 The non-resident company from Hong Kong sought an advance ruling on the taxability of income in India from its proposed liaison office activities. The ruling determined that as the activities were limited to purchasing goods for export, the company would not have earned taxable income in India under the Income Tax Act. The Authority for Advance Rulings held that the company's operations fell under an exemption clause, and thus, it would not incur a tax liability in India. The ruling was issued on October 30, 2006, by the Authority for Advance Rulings. Case-Laws Income Tax Mon, 30 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6601