OCI is Fees for Technical Services u/s 115A of Income Tax Act: ITAT deletes Addition [Read Order]

OCI - is - Fees - for - Technical - Services - of - Income - Tax - Act - ITAT - deletes - Addition - TAXSCAN

The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT), deleted penalty as Overseas Consultancy Income (OCI) is fees for technical services under Section 115A of the Income Tax Act, 1961. In the return of income filed by the Appellant, M/s. Aecom Asia Co. Ltdoffshore income was offered to tax at 10% on gross…

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