https://www.taxtmi.com/caselaws?id=444181 The High Court dismissed the appeal, affirming the ITAT's decision that income from Offshore supplies was not taxable in India. The court upheld that Offshore supplies were conducted outside India, with payments and property transfer occurring externally, thus not subject to Indian tax. The levy of interest under section 234B was deemed inapplicable due to the non-taxability of Offshore supplies. The court also found the Assessing Officer's profit estimation unnecessary, as there was no tax liability on Offshore supplies. All questions of law raised by the Revenue were rejected, and the appeal was dismissed. en-us Wed, 04 Oct 2023 00:00:00 +0530 Mon, 16 Feb 2026 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444181 The High Court dismissed the appeal, affirming the ITAT's decision that income from Offshore supplies was not taxable in India. The court upheld that Offshore supplies were conducted outside India, with payments and property transfer occurring externally, thus not subject to Indian tax. The levy of interest under section 234B was deemed inapplicable due to the non-taxability of Offshore supplies. The court also found the Assessing Officer's profit estimation unnecessary, as there was no tax liability on Offshore supplies. All questions of law raised by the Revenue were rejected, and the appeal was dismissed. Case-Laws Income Tax Wed, 04 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444181