corporate and professional updates 28th aug 2018
Direct Tax : Kerala HC reverses ITAT order, holds that payment made by assessee (an Indian co.) to a US co. for providing management, financial, legal, public relations, treasury and risk management service, not Fees for Included Services (‘FIS’) under Article 12 of India-USA DTAA, Sec. 195 TDS not applicable; Rejects ITAT view that the US co. facilitated …