https://www.taxtmi.com/caselaws?id=336842 The High Court of Bombay upheld the Tribunal's decisions on both issues raised by the Revenue. The Court found that transaction charges with the Stock Exchange are not subject to tax deduction at source under Section 194J and that Rule 8D for disallowing expenses on exempt income applies only from Assessment Year 2008-09 onwards. The Court dismissed the Revenue's appeal, stating that no substantial question of law was raised in either issue. en-us Fri, 16 Dec 2016 00:00:00 +0530 Thu, 29 Dec 2016 13:07:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336842 The High Court of Bombay upheld the Tribunal's decisions on both issues raised by the Revenue. The Court found that transaction charges with the Stock Exchange are not subject to tax deduction at source under Section 194J and that Rule 8D for disallowing expenses on exempt income applies only from Assessment Year 2008-09 onwards. The Court dismissed the Revenue's appeal, stating that no substantial question of law was raised in either issue. Case-Laws Income Tax Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336842