https://www.taxtmi.com/caselaws?id=176504 The appeal against the disallowance of transaction charges under section 40(a)(ia) for Assessment Year 2008-09 was allowed by the High Court. The court held that transaction charges constituted "fees for technical services" requiring TDS deduction, but acknowledged the long-standing belief and practice of non-deductibility by both parties. The appellant's good faith belief and compliance post the court's decision led to the deletion of the disallowance, with the Tribunal agreeing that no disallowance should be made. en-us Mon, 24 Nov 2014 00:00:00 +0530 Wed, 23 Dec 2015 21:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176504 The appeal against the disallowance of transaction charges under section 40(a)(ia) for Assessment Year 2008-09 was allowed by the High Court. The court held that transaction charges constituted "fees for technical services" requiring TDS deduction, but acknowledged the long-standing belief and practice of non-deductibility by both parties. The appellant's good faith belief and compliance post the court's decision led to the deletion of the disallowance, with the Tribunal agreeing that no disallowance should be made. Case-Laws Income Tax Mon, 24 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176504