Referral fees received by Non Resident assessee not taxable in India

IN THE ITAT MUMBAI BENCH ‘L’ CLSA Ltd. versus Income-tax Officer, (International Taxation)-2(1), Mumbai IT APPEAL NO. 2010 (MUM.) OF 2008 [ASSESSMENT YEAR 2004-05] JANUARY  18, 2013 ORDER P.M. Jagtap, Accountant Member This appeal filed by the assessee is directed against the order of learned CIT (Appeals)-31, Mumbai dated 14-01-2008. 2. The issue raised in ground No. 1 of this appeal relates to the addition of Rs. 4,22,23,050/- made by the AO and confirmed by the learned CIT (Appeals) on account of the payment claimed to be received by the assessee towards recove...