corporate and professional updates 3rd may 2018
Direct Tax: Delhi ITAT holds that services provided by US entity did not make available technical knowledge, skill, know-how etc to the assessee and thus, does not qualify as fee for included services as per the India-US DTAA and thus not liable to TDS u/s 195, deletes disallowance u/s 40(a)(i). [TS-212-ITAT-2018(DEL)] Mumbai ITAT dismisses Revenue’s appeal …