https://www.taxtmi.com/caselaws?id=179925 The High Court held that transaction charges to a Stock Exchange fall under technical services, but as both parties believed tax wasn't deductible at source, no fault was found with the assessee for non-deduction. Disallowance under Section 40(a)(ia) for Assessment Year 2005-06 was deemed unjustified. VSAT and lease line charges were considered reimbursements and not income, thus withholding tax was unnecessary. Citing precedent, the Court found no substantial legal question and dismissed the Appeal. en-us Wed, 04 Apr 2012 00:00:00 +0530 Sat, 12 Mar 2016 10:43:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179925 The High Court held that transaction charges to a Stock Exchange fall under technical services, but as both parties believed tax wasn't deductible at source, no fault was found with the assessee for non-deduction. Disallowance under Section 40(a)(ia) for Assessment Year 2005-06 was deemed unjustified. VSAT and lease line charges were considered reimbursements and not income, thus withholding tax was unnecessary. Citing precedent, the Court found no substantial legal question and dismissed the Appeal. Case-Laws Income Tax Wed, 04 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179925