https://www.taxtmi.com/caselaws?id=259248 The appeal challenging the Income Tax Appellate Tribunal's order regarding the deduction of security transaction tax (STT) claimed by the Assessee was dismissed. The Court upheld the deduction of STT collected by the Assessee on behalf of clients, included in the bill raised on clients, as justified. The issue of loss from an error trade was sent back for further examination, with the Court finding no substantial legal question in the Tribunal's direction. Disallowance of expenses related to earning exempt income and deletion of disallowance to Stock Exchanges were also upheld, with the Court deeming none of the issues substantial and dismissing the appeal without costs. en-us Mon, 20 Apr 2015 00:00:00 +0530 Sat, 05 Mar 2016 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259248 The appeal challenging the Income Tax Appellate Tribunal's order regarding the deduction of security transaction tax (STT) claimed by the Assessee was dismissed. The Court upheld the deduction of STT collected by the Assessee on behalf of clients, included in the bill raised on clients, as justified. The issue of loss from an error trade was sent back for further examination, with the Court finding no substantial legal question in the Tribunal's direction. Disallowance of expenses related to earning exempt income and deletion of disallowance to Stock Exchanges were also upheld, with the Court deeming none of the issues substantial and dismissing the appeal without costs. Case-Laws Income Tax Mon, 20 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259248