https://www.taxtmi.com/highlights?id=72615 Fees for technical services - Clearly, the source of income namely the assessee’s customers were the foreign based clients of L&T and the services were also to be performed in locations outside of India. In this case, from the facts placed on record in our view, L&T has made payment for utilization of the services provided by the assessee in business carried out by L&T outside of India. The services which were provided by the assessee were utilized by L&T in respect of its plant set up in Vietnam and China for its foreign clients. - AT en-us Wed, 18 Oct 2023 07:42:41 +0530 Wed, 18 Oct 2023 07:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72615 Fees for technical services - Clearly, the source of income namely the assessee’s customers were the foreign based clients of L&T and the services were also to be performed in locations outside of India. In this case, from the facts placed on record in our view, L&T has made payment for utilization of the services provided by the assessee in business carried out by L&T outside of India. The services which were provided by the assessee were utilized by L&T in respect of its plant set up in Vietnam and China for its foreign clients. - AT Highlights Income Tax Wed, 18 Oct 2023 07:42:41 +0530 https://www.taxtmi.com/highlights?id=72615