https://www.taxtmi.com/caselaws?id=181840 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee in a case involving protective addition on depreciation and disallowance of VSAT and transaction charges. The Tribunal held that the protective addition made by the AO regarding depreciation on the Stock Exchange Card was not justified as it did not constitute a taxable benefit. Additionally, the Tribunal concluded that the VSAT and transaction charges paid to the Stock Exchange were not fees for technical services and thus upheld the deletion of disallowances. The Tribunal allowed the appeal on the protective addition and affirmed the deletion of disallowances for VSAT and transaction charges. en-us Wed, 27 Oct 2010 00:00:00 +0530 Tue, 26 Apr 2016 11:48:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181840 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee in a case involving protective addition on depreciation and disallowance of VSAT and transaction charges. The Tribunal held that the protective addition made by the AO regarding depreciation on the Stock Exchange Card was not justified as it did not constitute a taxable benefit. Additionally, the Tribunal concluded that the VSAT and transaction charges paid to the Stock Exchange were not fees for technical services and thus upheld the deletion of disallowances. The Tribunal allowed the appeal on the protective addition and affirmed the deletion of disallowances for VSAT and transaction charges. Case-Laws Income Tax Wed, 27 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181840