https://www.taxtmi.com/caselaws?id=206455 The ITAT Mumbai ruled against allowing depreciation on BSE membership cards acquired after 1-4-1998, disallowing the claim. However, it upheld the deletion of disallowance of VSAT and lease line charges, stating they are not fees for technical services. The penalty addition was remanded for fresh consideration, and the disallowance of transaction charges paid to NSE & BSE was deleted, as they were not considered fees for technical services. en-us Tue, 29 Dec 2009 00:00:00 +0530 Wed, 02 Nov 2011 07:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206455 The ITAT Mumbai ruled against allowing depreciation on BSE membership cards acquired after 1-4-1998, disallowing the claim. However, it upheld the deletion of disallowance of VSAT and lease line charges, stating they are not fees for technical services. The penalty addition was remanded for fresh consideration, and the disallowance of transaction charges paid to NSE & BSE was deleted, as they were not considered fees for technical services. Case-Laws Income Tax Tue, 29 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206455