https://www.taxtmi.com/caselaws?id=169778 The ITAT upheld the CIT (A)'s order deleting the disallowance of expenses under section 40(a)(ia) for VSAT, lease line, and transaction charges. The Revenue's appeal was dismissed as the relief granted by the CIT (A) was considered appropriate, and the Revenue's contention regarding the tax effect and bifurcation of charges was rejected. The Tribunal referred to previous decisions and concluded that no TDS was deductible on payments to the Stock Exchange, thus upholding the deletion of the disallowance amount. en-us Fri, 28 Sep 2012 00:00:00 +0530 Sat, 02 May 2015 12:55:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169778 The ITAT upheld the CIT (A)'s order deleting the disallowance of expenses under section 40(a)(ia) for VSAT, lease line, and transaction charges. The Revenue's appeal was dismissed as the relief granted by the CIT (A) was considered appropriate, and the Revenue's contention regarding the tax effect and bifurcation of charges was rejected. The Tribunal referred to previous decisions and concluded that no TDS was deductible on payments to the Stock Exchange, thus upholding the deletion of the disallowance amount. Case-Laws Income Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169778