Rendering Investment Advisory Services related to Investment by Non-Resident Group Companies Amounts to Advisory Service: Delhi HC directs to Refund ITC [Read Order]

Rendering Investment Advisory Services related to Investment - Non-Resident Group Companies Amounts to Advisory Service - Delhi HC - Refund ITC - TAXSCAN

The Delhi High Court has held that rendering investment advisory services related to investment by non-resident group companies amounts to advisory service and directed to refund of Input Tax Credit (ITC). M/s Cube Highways and Transportation Assets Advisor Private Limited, the petitioner has filed the petitions impugning the orders passed by the Appellate Authority (respondent…

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