AMC charges not fee for technical services – No ITAT deletes disallowance u/s 40(a)(ia)
April 1, 2024
Income Tax, ITAT
AMC charges not fee for technical services – No ITAT deletes disallowance u/s 40(a)(ia) In a recent judgment, ITAT has deleted disallowance u/s 40(a)(ia) holding that payment of AMC charges to a foreign company is not a fee for technical services and no tax at source is deductible …