https://www.taxtmi.com/caselaws?id=450828 Receipts from offshore supply of plants and equipment were not taxable in India because the supply contracts, invoices and delivery documents showed FOB/FCA delivery outside India and transfer of title completed in Japan, so the sale event did not accrue or arise in India. Section 44BB was also inapplicable because it applies only to qualifying oilfield services, facilities, or hire of plant and machinery, and the assessee made outright sales for plant set-up rather than providing such services or hire arrangements. en-us Wed, 07 Feb 2024 00:00:00 +0530 Wed, 13 Mar 2024 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450828 Receipts from offshore supply of plants and equipment were not taxable in India because the supply contracts, invoices and delivery documents showed FOB/FCA delivery outside India and transfer of title completed in Japan, so the sale event did not accrue or arise in India. Section 44BB was also inapplicable because it applies only to qualifying oilfield services, facilities, or hire of plant and machinery, and the assessee made outright sales for plant set-up rather than providing such services or hire arrangements. Case-Laws Income Tax Wed, 07 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450828