https://www.taxtmi.com/caselaws?id=176400 The Tribunal remanded the issue of deduction for admission fee paid to OTC Exchange back to the Assessing Officer for fresh consideration, emphasizing the need for evidence and recognition by OTC Exchange. The addition made on account of penalty paid to NSE was deleted as compensatory and trade-related, not statutory penalties. The disallowance of VSAT, lease line charges, and transaction charges due to non-deduction of tax at source was deleted, as these charges were for infrastructure use, not technical services subject to TDS. The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal, clarifying deductions and TDS applicability for stock exchange-related charges. en-us Wed, 24 Mar 2010 00:00:00 +0530 Tue, 22 Dec 2015 09:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176400 The Tribunal remanded the issue of deduction for admission fee paid to OTC Exchange back to the Assessing Officer for fresh consideration, emphasizing the need for evidence and recognition by OTC Exchange. The addition made on account of penalty paid to NSE was deleted as compensatory and trade-related, not statutory penalties. The disallowance of VSAT, lease line charges, and transaction charges due to non-deduction of tax at source was deleted, as these charges were for infrastructure use, not technical services subject to TDS. The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal, clarifying deductions and TDS applicability for stock exchange-related charges. Case-Laws Income Tax Wed, 24 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176400