https://www.taxtmi.com/caselaws?id=179712 The Appellate Tribunal ITAT Mumbai dismissed the Revenue's appeal, confirming the CIT(A)'s decision on the disallowance of sub-brokerage under section 40(a)(ia) of the Income Tax Act. The Tribunal held that the sub-brokerage related to Mutual Funds, classified as securities, was not subject to tax deduction at source under section 194H. Additionally, the Tribunal treated the cross objection by the assessee regarding service tax inclusion in the disallowed amount as allowed for statistical purposes. en-us Wed, 23 Feb 2011 00:00:00 +0530 Fri, 21 Apr 2023 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179712 The Appellate Tribunal ITAT Mumbai dismissed the Revenue's appeal, confirming the CIT(A)'s decision on the disallowance of sub-brokerage under section 40(a)(ia) of the Income Tax Act. The Tribunal held that the sub-brokerage related to Mutual Funds, classified as securities, was not subject to tax deduction at source under section 194H. Additionally, the Tribunal treated the cross objection by the assessee regarding service tax inclusion in the disallowed amount as allowed for statistical purposes. Case-Laws Income Tax Wed, 23 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179712