https://www.taxtmi.com/caselaws?id=59731 The Tribunal ruled in favor of the assessee, holding that revenues from offshore supply in a Metro Rail contract were not taxable in India as the supply was completed and paid for outside the country. The Tribunal directed the Assessing Officer to compute income excluding offshore supplies based on the assessee's books of account. Additionally, the Tribunal dismissed the Revenue's appeal on charging interest under Sections 234A and 234B, stating that the assessee had filed returns on time and was not liable for advance tax as a non-resident. en-us Mon, 22 Jun 2009 00:00:00 +0530 Thu, 12 Oct 2023 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59731 The Tribunal ruled in favor of the assessee, holding that revenues from offshore supply in a Metro Rail contract were not taxable in India as the supply was completed and paid for outside the country. The Tribunal directed the Assessing Officer to compute income excluding offshore supplies based on the assessee's books of account. Additionally, the Tribunal dismissed the Revenue's appeal on charging interest under Sections 234A and 234B, stating that the assessee had filed returns on time and was not liable for advance tax as a non-resident. Case-Laws Income Tax Mon, 22 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59731