Management Service Fees paid to Non Resident AEs eligible for Deduction u/s 37(1) of Income Tax Act: ITAT [Read Order]

By Aparna. M - On March 20, 2024 1:42 pm - 2 mins read

ITAT - ITAT Delhi - Income Tax - Fees Deduction - Management Service Fees - taxscan

The Income Tax Appellate Tribunal ( ITAT ) of Delhi held that management service fees paid to non-resident Associate Enterprises are eligible for deduction under Section 37(1) of the Income Tax Act, 1961. The Assessee Iris Worldwide Integrated Marketing Pvt. Ltd is the subsidiary of Iris Nation Worldwide Limited, the holding company which provides assistance…

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