https://www.taxtmi.com/caselaws?id=180237 The ITAT upheld the CIT(A)'s decision to allow the rebate under Section 88E to the assessee for the assessment year 2007-2008. The ITAT relied on a precedent set by the Hon'ble Karnataka High Court, which ruled that the assessee can claim deduction of the Securities Transaction Tax (STT) paid while computing total income under Section 115JB. The ITAT dismissed the revenue's appeal, affirming the assessee's entitlement to the deduction of STT paid. en-us Wed, 10 Oct 2012 00:00:00 +0530 Mon, 22 Jan 2018 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180237 The ITAT upheld the CIT(A)'s decision to allow the rebate under Section 88E to the assessee for the assessment year 2007-2008. The ITAT relied on a precedent set by the Hon'ble Karnataka High Court, which ruled that the assessee can claim deduction of the Securities Transaction Tax (STT) paid while computing total income under Section 115JB. The ITAT dismissed the revenue's appeal, affirming the assessee's entitlement to the deduction of STT paid. Case-Laws Income Tax Wed, 10 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180237