https://www.taxtmi.com/caselaws?id=206641 HC held that transaction charges paid to stock exchanges constitute fees for technical services under Section 194J, so tax was technically deductible at source. However, because both revenue and taxpayer had for nearly a decade consistently treated such charges as not subject to TDS, the assessee had a bona fide belief that no deduction was required. Consequently the assessing officer was not justified in invoking Section 40(a)(ia) to disallow the entire transaction-charge business expenses for the assessment year in question, and the disallowance was set aside. en-us Fri, 21 Oct 2011 00:00:00 +0530 Tue, 12 May 2026 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206641 HC held that transaction charges paid to stock exchanges constitute fees for technical services under Section 194J, so tax was technically deductible at source. However, because both revenue and taxpayer had for nearly a decade consistently treated such charges as not subject to TDS, the assessee had a bona fide belief that no deduction was required. Consequently the assessing officer was not justified in invoking Section 40(a)(ia) to disallow the entire transaction-charge business expenses for the assessment year in question, and the disallowance was set aside. Case-Laws Income Tax Fri, 21 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206641