https://www.taxtmi.com/caselaws?id=456284 Offshore supply receipts from goods supplied and paid for outside India were treated as not accruing or arising in India because the offshore supply activities were concluded outside India and no income was deemed taxable under section 9(1)(i) or the DTAA. Applying the same view taken in the assessee's earlier years, the ITAT held that such receipts could not be included in business receipts for estimation of income under section 44BBB. The addition was directed to be deleted, giving the assessee relief on the taxability of offshore supply contract receipts. en-us Tue, 26 Nov 2019 00:00:00 +0530 Sat, 13 Jul 2024 08:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456284 Offshore supply receipts from goods supplied and paid for outside India were treated as not accruing or arising in India because the offshore supply activities were concluded outside India and no income was deemed taxable under section 9(1)(i) or the DTAA. Applying the same view taken in the assessee's earlier years, the ITAT held that such receipts could not be included in business receipts for estimation of income under section 44BBB. The addition was directed to be deleted, giving the assessee relief on the taxability of offshore supply contract receipts. Case-Laws Income Tax Tue, 26 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456284