Reimbursement of Audit fees to foreign parent company: Taxable

SPX India Pvt. Ltd. Vs CIT (ITAT Delhi)

Tax was required to be deducted at source on share of ISO audit expenses paid to foreign parent company, as element of income was embedded in receipt of auditor. 

FULL TEXT OF THE ITAT JUDGEMENT

Assessee is in appeal before us against the order of ld. CIT (A) dated 31.12.2010 passed for A.Y. 2007-08.

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