business connection in india

VIPLOVE GOYAL (CA STUDENT) (58 Points)

03 March 2009  

hi frendzzzzzzzzz

do u know if a forieng co. has a subsidiary in india who purchased the goods from india and sell it to parent co. at 10% margin as proper business transaction.is that forieng co. has business connection in india u/s 9(1) of the income tax act 1961