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Resource Centre / Categories :- Miscellaneous  » Miscellaneous
GVK INDS. LTD & ANR Vs. THE INCOME TAX OFFICER & ANR
Team SoOLEGAL | 01/01/1970

This case was regarding tax fee. As concluded NRC had acted as consultant and had skilled, knowledge in specialized field,preparation of scheme for required finances and to tie-up required loans. The nature of service referred by NRC would come within ambit and sweep of the term ‘consultancy service’ and,therefore, it has been rightly held that the tax at source should have been deducted as the amount paid as fee could be taxable under the head ‘fee for technical service’. Once the tax is payable paid the grant of ‘No Objection Certificate’ was not legally permissible. 

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