Case Law Analysis
|Karnataka High Court
Section 9(1)(vii) Finance Act 2010 Amendment Held Prospective, Not Retrospective - Upholds Territorial-Nexus Rule & Allows Refund for Offshore Technical Services : Karnataka HC
Karnataka High Court ruled that the 2010 Finance Act amendment to Section 9(1)(vii) of the Income-Tax Act applies only prospectively, preserving the Supreme Court’s territorial-nexus principle. Consequently, taxpayers providing offshore technical services can claim refunds for taxes previously demanded.