Tax on services rendered abroad by foreign firms to Indian CA Firm

ITAT Mumbai that payment made by M/s. BSR & Co to KPMG group professional entities based in Various Countries outside India for  Services in relation to taxation matters, independent personal services, assistance in audit, taxation, information technology services, conducing background checks, etc. rendered abroad are not taxable as per DTAA with respective countries so TDS was not required to be deducted and so, the expenditure is not disallowable in terms of section 40(a)(i) of the Act. Briefly put, the relevant facts are that the respondent assessee is a firm of Chartered Accountants a...