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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Consideration / fees for technical services - There is no ...


Technical Service Costs Lacking Profit Element Not Taxable in Shipping Business Context.

May 8, 2015

Case Laws     Income Tax     HC

Consideration / fees for technical services - There is no profit element in the pro rata costs paid by the agents of the assessee to the assessee - the amounts paid by the agents to utilise the amount arose out of the shipping business cannot be brought to tax as sought to be done. - HC

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