https://www.taxtmi.com/caselaws?id=237824 The Tribunal upheld the Revenue's appeal regarding the disallowance of transaction charges under Section 40(a)(ia) of the Income Tax Act, stating that TDS should have been deducted on the charges paid to stock exchanges. The Tribunal rejected the Assessee's argument that TDS was not applicable as the payment was for facilities, not technical services. Additionally, the Tribunal dismissed the Assessee's appeal contesting the disallowance under Section 14A for earning dividend income, upholding the Assessing Officer's decision to apply Rule 8D for the disallowance. en-us Fri, 04 Oct 2013 00:00:00 +0530 Wed, 09 Oct 2013 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237824 The Tribunal upheld the Revenue's appeal regarding the disallowance of transaction charges under Section 40(a)(ia) of the Income Tax Act, stating that TDS should have been deducted on the charges paid to stock exchanges. The Tribunal rejected the Assessee's argument that TDS was not applicable as the payment was for facilities, not technical services. Additionally, the Tribunal dismissed the Assessee's appeal contesting the disallowance under Section 14A for earning dividend income, upholding the Assessing Officer's decision to apply Rule 8D for the disallowance. Case-Laws Income Tax Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237824