OrbitaxIndian decision on whether profits from supply of equipment taxable
|Treaty Development|India-Finland
The Indian Income Tax Appellate Tribunal (ITAT) delivered a ruling dated 18 August 2006 in the case of Deputy Commissioner of Income Tax v. Roxon OY (103 TTJ 891) on whether profits from the supply of equipments under a turnkey project executed in India were taxable in India under the India-Finland tax treaty (the tax treaty).
(a) Facts. The taxpayer (i.e. Roxon O…
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