The Delhi Bench of the Income-tax Appellate Tribunal issued a decision concluding that contracts for the supply of equipment and contracts for services were in the nature of a “composite contract” for income tax purposes because each contract was dependent on the other and could not be seen independently.
Source KPMG
Latest Posts in "India"
- AAR Rules GST Applies to Small Packaged Shrimp Exports, Citing Retail Packaging Criteria
- Supreme Court to Decide if Leasehold Rights Transfer is Taxable Under GST Law
- Only Entity Named as Exporter in Customs Documents Can Claim Service Tax Refund: CESTAT
- CESTAT: Testing Services to Foreign Clients Qualify as ‘Export of Services’ under FTDR Act
- CESTAT Rules Dell India’s Services to Foreign Affiliates Qualify as Export, Allows Appeal
