https://www.taxtmi.com/caselaws?id=96525 ITAT Mumbai held that payments made by the assessee to the stock exchange towards VSAT charges, lease line charges, BOLT charges and Demat charges are not "fees for technical services" under the Income-tax Act. The Tribunal observed that the stock exchange merely provides standard infrastructure facilities commonly available to all its members and does not render any specialized technical services to them. As the charges are only for use and cost recovery of such facilities, no obligation to deduct tax at source arises. The order of the CIT(A) was upheld and the Revenue's appeal was dismissed. en-us Wed, 09 Dec 2009 00:00:00 +0530 Wed, 26 Nov 2025 16:48:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96525 ITAT Mumbai held that payments made by the assessee to the stock exchange towards VSAT charges, lease line charges, BOLT charges and Demat charges are not "fees for technical services" under the Income-tax Act. The Tribunal observed that the stock exchange merely provides standard infrastructure facilities commonly available to all its members and does not render any specialized technical services to them. As the charges are only for use and cost recovery of such facilities, no obligation to deduct tax at source arises. The order of the CIT(A) was upheld and the Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 09 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96525