2015 (1) TMI 1453 - SUPREME COURT - Income Tax

Head Note / Extract:
Income accrued or deemed to accrued in India - Taxability in India - Payment on account of technical services to a non-resident - Whether the sum paid or credited to the account of the foreign resident by the assessee on account of service rendered in relation to forex derivative transactions is chargeable to tax in India under Section 9(1)(vii)? - whether the assessee was liable to deduct tax? - HC held that rendering services could not have been concluded outside India - HELD THAT:- No legal and valid ground for interference. The special leave petition is dismissed.