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No TDS Required on Overseas Payment for Tariff Information: Delhi ITAT

CA Sandeep Kanoi 04 Jun 2024 1,011 Views 1 comment Print
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Case Law Details

Case Name : ACIT Vs Lx Pantos India Private Limited (ITAT Delhi)
Related Assessment Year : 2017-18
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ACIT Vs Lx Pantos India Private Limited (ITAT Delhi)

The recent case of ACIT vs. LX Pantos India Pvt Ltd, adjudicated by ITAT Delhi, addresses the controversy surrounding the necessity of Tax Deducted at Source (TDS) under section 195 of the Income Tax Act for payments made overseas for tariff information.

The crux of the matter lies in the interpretation of whether payments made by Pantos India to overseas logistics companies for tariff information qualify as ‘Fee for Technical Services’ (FTS) under section 195 of the Income Tax Act. The Revenue contended that s

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