Services by non-resident agent for completion of export commitment doesn’t fall under Fee for Technical Services

DCIT/ACIT Vs VA Tech Wabag Ltd. (ITAT Chennai)

ITAT Chennai held that the services rendered by non-resident agent for completion of export commitment would not fall under the definition for fee for technical services. Hence, disallowance alleging non-deduction of TDS unjustified.

Facts- The assessee acquired the shares in VA Tech Wabag GmBH, Austria (VA Tech, Austria) from Siemens Aktiengesellschaft Osterreich, Austria (Siemens). At the time of acquisition of shares, the a

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