Fees for training to Employees on soft skill & general topics cannot be treated as FTS

Standard Chartered Global Business Services Pvt. Ltd. Vs DCIT (ITAT Chennai) ITAT held that payment of Fees for training to Employees on soft skill & general topics cannot be treated as Fees for Technical Services (FTS) The impugned demand against the assessee stem from the fact that the assessee paid an amount of Rs.141 .75 Lacs to another Singapore based entity i.e., M/s Standard Chartered Bank. The payment was pursuant an agreement whereby the assessee group established a training center in Singapore to impart soft skill training like leadership skills, communication etc. A group wantin...