BACKGROUND The assessee an Indian company, made a payment of US $ 4,40,000, in respect of a celebrity appearance at Dubai. The assessee did not withhold any tax from the said remittance on the ground that the event took place in Dubai, UAE, and the celebrity made his appearance at the event in Dubai and […]
SUPREME COURT DECISION IN THE CASE OF ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES LTD V DIT [2007] 288 ITR 408 (SC) / (2007) 3 SCC 481 – ANALYSIS AND LEARNINGS
Background The Assessee is a company incorporated in Japan. It is engaged, inter alia, in the business of construction of storage tanks as also engineering etc. It formed a consortium with various parties and entered into an Agreement with Petronet LNG Limited (“LNG Petronet”) on 19-1-2001 for setting up a Liquefied Natural Gas (LNG) receiving, […]