No liability of TDS on GTA India for payment made to GTIL, UK towards membership fee

Grant Thornton Advisory (P.) Ltd. Vs DCIT (ITAT Delhi) Conclusion: No TDS was to be deducted under section 195 on payment made by assessee to GTIL, UK towards membership and subscription fee as the relationship between GTIL, UK and its members would be governed by the principle of mutuality, hence, would not be taxable. Held: Assessee, a resident company, was engaged in the business of advisory services. AO noticed that assessee had paid to Grant Thornton International Ltd., London, UK (GTIL) towards membership/ subscription. AO observed such payment made to overseas entity was in the nature o...