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SC Delivers Split Verdict on Income Tax Appeal Involving Foreign Firm

The Sunday Guardian

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August 10, 2025

A Supreme Court bench on Friday gave a split verdict on an appeal of the assistant commissioner of Income Tax, dealing with international taxation, against a 2023 Bombay High Court judgment.

- CORRESPONDENT

The case involved foreign drilling companies, including Shelf Drilling Ron Tappmeyer Ltd.

The bench comprising Justices B V Nagarathna and Satish Chandra Sharma, delivered divergent opinions on the legal interpretation of Sections 144C and 153 of the Income Tax Act, 1961.

These provisions relate to the timelines and procedures for assessment in cases involving non-resident assessees.

MEER VERHALEN VAN The Sunday Guardian

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