https://www.taxtmi.com/caselaws?id=193867 The Revenue challenged the deletion of disallowance of charges paid to Stock Exchange under section 40A(ia). The Assessing Officer disallowed the amount for non-deduction of tax at source. The Ld. CIT(A) allowed the appeal citing precedent. The court directed the AO to allow VSAT and Leaseline charges but to disallow transaction charges pending a Special Leave petition outcome. The Revenue's appeal was partly allowed, emphasizing the importance of tax deduction at source and following legal precedents for deductibility of charges paid to Stock Exchange. en-us Thu, 16 May 2013 00:00:00 +0530 Mon, 21 Aug 2017 17:51:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193867 The Revenue challenged the deletion of disallowance of charges paid to Stock Exchange under section 40A(ia). The Assessing Officer disallowed the amount for non-deduction of tax at source. The Ld. CIT(A) allowed the appeal citing precedent. The court directed the AO to allow VSAT and Leaseline charges but to disallow transaction charges pending a Special Leave petition outcome. The Revenue's appeal was partly allowed, emphasizing the importance of tax deduction at source and following legal precedents for deductibility of charges paid to Stock Exchange. Case-Laws Income Tax Thu, 16 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193867