valuation of certain goods used
captively by the appellant in the turnkey contracts, in the
following circumstances.
The appellant, inter alia, manufactures smoke detectors ... under: -
(a) sales in loose condition; and
(b) sales as part of turnkey projects where no separate
Signature Not Verified
Digitally signed by values
case of sale of goods simpliciter, and that the contract is a turnkey
contract split/divided into offshore and onshore supplies at the instance ... that offshore
supplies are not taxable even in the case of a turnkey contracts as long as
the title passes outside the country and payments
rendering telecommunication services
and for this purpose, it undertakes projects on turnkey basis. In
ITA 504/2007, ITA 507/2007, ITA 508/2007 ... that in execution of
such large projects the various components of a turnkey project namely
planning and designing, supply of equipment, civil works and
installation
taxability of the equipment supplied;
(vii)giving the nomenclature of a turnkey project or works
contract is not relevant in determining whether any profit arising ... direct or they are
through the PE. In the case of a Turnkey Project, the PE is set
up at the installation stage while
oxide gas
manifold system, gas terminal units, area
alarm system etc. on turnkey basis of value
not less than Rs. 128.00 lakhs (Copy ... order of similar
nature during the last 5 financial years on turnkey
basis of value not less than Rs. 128 lacs." Copy
similar services, in relation
to (b) and (c); or
e) Turnkey projects including engineering, procurement and
construction or commissioning (EPC) projects;”
12. Section
also entered by the parties on March 19, 2001. It was a
turnkey project. At the same time, role and responsibility of each
33
member ... send out regasified LNG by means of a
turnkey fixed lump sum price time certain engineering procurement,
construction and commission contract. The contract indisputably
involved
Asia Satellite Telecommunications Co. ... vs Director Of Income Tax on 31 January, 2011
Author: A
January 31, 2008 awarded the said work on a
fixed lump sum turnkey basis to M/s. Utility Energytech and
Engineers Private Limited (hereinafter referred
following facts:
2. The petitioner and respondent No. 1 entered into a turnkey contract with the second respondent for construction of four Towards at Ghaziabad
