OrbitaxIndian decision that income of South Korean entity from offshore supply of equipment not taxable in India
|Treaty Development|India-South Korea
The Indian Income Tax Appellate Tribunal (ITAT) delivered a ruling dated 8 August 2008 in the case of LG Cable Ltd v. Deputy Director of Income Tax (2008-TIOL-382-ITAT-DEL) on whether income earned by a foreign entity from offshore supply of equipment to an Indian entity was taxable in India.
(a) Facts. The Taxpayer (i.e. LG Cable Ltd.) was a South Korea…
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