Karnataka HC Rejects FTS Tax Appeal Due to Tax Effect Below Threshold

PCIT Vs Charles River Laboratories Inc (Karnataka High Court) Karnataka High Court Dismisses Tax Appeal Citing Low Monetary Limit; FTS Taxability Appeal Dismissed by Karnataka HC on Low Tax Effect;   The Karnataka High Court rejected a Revenue appeal concerning the taxability of Fees for Technical Services (FTS) under the India-USA DTAA due to the tax effect being below the ₹2 Crore threshold set by the CBDT’s latest circular. The Karnataka High Court has dismissed an appeal filed by the Principal Commissioner of Income Tax (PCIT) against an order of the Income Tax Appellate Tribuna...