https://www.taxtmi.com/caselaws?id=247657 The High Court dismissed the appeal, ruling that the VSAT and Lease Line charges were reimbursement amounts, not subject to TDS deduction, and the penalty paid to the Stock Exchange was a legitimate business expenditure, making it deductible. The Court held that the charges were not paid in consideration of technical services, as per the relevant provisions of the Income Tax Act. en-us Thu, 28 Jul 2011 00:00:00 +0530 Mon, 19 May 2014 08:15:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247657 The High Court dismissed the appeal, ruling that the VSAT and Lease Line charges were reimbursement amounts, not subject to TDS deduction, and the penalty paid to the Stock Exchange was a legitimate business expenditure, making it deductible. The Court held that the charges were not paid in consideration of technical services, as per the relevant provisions of the Income Tax Act. Case-Laws Income Tax Thu, 28 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247657