https://www.taxtmi.com/caselaws?id=195934 The Tribunal held that income from an offshore supply contract cannot be taxed in India as it did not accrue or arise in India. The Tribunal's decision was based on previous cases and upheld by the High Court. The Revenue's argument was dismissed due to lack of evidence regarding the location of supply. Additionally, the computation of profit for a project executed in India was deemed unnecessary as the assessing officer did not provide justification for rejecting the accounts submitted by the assessee. The appeal by the Revenue for the assessment year 1997-1998 was dismissed with no order as to costs. en-us Wed, 23 Jan 2013 00:00:00 +0530 Tue, 14 Nov 2017 18:44:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195934 The Tribunal held that income from an offshore supply contract cannot be taxed in India as it did not accrue or arise in India. The Tribunal's decision was based on previous cases and upheld by the High Court. The Revenue's argument was dismissed due to lack of evidence regarding the location of supply. Additionally, the computation of profit for a project executed in India was deemed unnecessary as the assessing officer did not provide justification for rejecting the accounts submitted by the assessee. The appeal by the Revenue for the assessment year 1997-1998 was dismissed with no order as to costs. Case-Laws Income Tax Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195934