Receipts from CA Firms received by Deloitte not Fees for Technical Services, Exempted from Income Tax following Principle of Mutuality: Delhi HC [Read Order]

The Delhi High Court recently ruled that the receipts from Chartered Accountant (CA) firms received by Deloitte Touche Tohmastu not fees for technical services and is exempted from income tax following the principle of mutuality. The respondent/assessee is an association (Verein), established in Switzerland, with its members being Chartered Accountant firms situated across the world….