2015 (1) TMI 1453 - SC - Income Tax

Income accrued or deemed to accrued in India - Taxability in India - Payment on account of technical services to a non-resident - Whether the sum paid or credited to the account of the foreign resident by the assessee on account of service rendered in relation to forex derivative transactions is chargeable to tax in India under Section 9(1)(vii)? - whether the assessee was liable to deduct tax? - HC held that rendering services could not have been concluded outside India - HELD THAT - No legal and valid ground for interference. The special leave petition is dismissed.

Summary

Title: Supreme Court Judgment 2015 (1) TMI 1453

Judges: Ranjan Gogoi and Arun Mishra

Representation: Petitioner represented by Mr. S.K. Bagaria, Mr. Raja Mantosh, and Mr. Bhargava V. Desai

Decision: Special leave petition dismissed; no legal grounds for interference.