Thursday, September 13, 2018

No FTS if no technical knowledge was made available by AE to assessee

IT/ILT : Where assessee made various payments to its US AE on account of MIS Services, Cost Allocation, Corporate Allocation Charges and Legal Expenses without AE making available technical skill, knowledge and know-how to assessee, no TDS obligation arose

from www.taxmann.com Latest Case Laws https://ift.tt/2x9Vp56

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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