Foreign Subsidiary Company not providing Technical Knowledge to Assessee: ITAT holds Outsourcing Charges are not Taxable as FTS or FIS [Read Order]

Foreign Subsidiary Company - Assessee - ITAT - FTS - FIS - taxscan

The Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) has held that foreign subsidiary company not providing technical knowledge to the assessee and holds that outsourcing charges are not taxable as Fees for Technical Services (FTS) under the Act and as Fees for Included Services (FIS) under the India-US Tax Treaty. The appellant…

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