Corporate tax alert has been saved
Corporate tax alert
Offshore supply of plant and equipment not taxable
The Delhi Bench of the Income-tax Appellate Tribunal has rendered its decision that based on fact of the case, there was no artificial split of bid into three separate contracts (offshore supply, onshore supply and onshore services) to avoid taxes in India and thus, the income from offshore supplies by the non-resident taxpayer, was not taxable in India.