Monday, July 15, 2019

Revision petition under Sec. 264 is maintainable against sec. 143(1) intimation: Delhi HC

INCOME TAX : Petitioner-foreign company earned service fees for providing management related services to Indian company. Income being in nature of Fees for Technical Services (FTS), it paid tax at rate of 20 per cent under Article 13 of DTAA between India and Spain.

from www.taxmann.com Latest Case Laws https://ift.tt/2k1DzhQ

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

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...