Wednesday, 5 August 2015

Standby maintenance charges of telecommunications link cable system aren't 'FTS'

IT/ILT : Fixed annual charge received by assessee, non-resident company, from VSNL, which had bought capacity in assessee's Flag Cable System, for arranging standby maintenance arrangement which was required for a situation whenever some repair work in undersea cable or terrestrial cable was actually to be performed or rendered, would not be chargeable as fees for technical services under section 9(1)(vii)

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