https://www.taxtmi.com/caselaws?id=333476 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee in an appeal concerning the interpretation of Section 40(a)(ia) of the Income Tax Act. The dispute revolved around whether Tax Deducted at Source (TDS) was applicable on charges paid to NSDL/CDSL for 'Settlement and Custody Fees'. The ITAT, considering the nature of services provided by the assessee and a Supreme Court judgment, concluded that the fees did not fall under technical services requiring TDS. As a result, the ITAT allowed the assessee's appeal, deleting the disallowance under Section 40(a)(ia). en-us Wed, 05 Oct 2016 00:00:00 +0530 Fri, 14 Oct 2016 13:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333476 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee in an appeal concerning the interpretation of Section 40(a)(ia) of the Income Tax Act. The dispute revolved around whether Tax Deducted at Source (TDS) was applicable on charges paid to NSDL/CDSL for 'Settlement and Custody Fees'. The ITAT, considering the nature of services provided by the assessee and a Supreme Court judgment, concluded that the fees did not fall under technical services requiring TDS. As a result, the ITAT allowed the assessee's appeal, deleting the disallowance under Section 40(a)(ia). Case-Laws Income Tax Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333476