https://www.taxtmi.com/caselaws?id=348946 The High Court admitted the Tax Appeal for consideration regarding the disallowance of mark to market loss in the future and option segment. The Court examined the disallowance made under section 40(a)(ia) on a payment to a broking company and considered the substantial question of law raised. Additionally, the Court dismissed the disallowance under section 40(a)(ia) for short deduction of tax on transaction charges paid to the National Stock Exchange, agreeing with the Tribunal's reasoning. The Court also rejected the disallowance of charges paid to NSDL/CDSL, indicating a potential future consideration of the applicability of tax disallowance in such cases. en-us Tue, 19 Sep 2017 00:00:00 +0530 Tue, 03 Oct 2017 06:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348946 The High Court admitted the Tax Appeal for consideration regarding the disallowance of mark to market loss in the future and option segment. The Court examined the disallowance made under section 40(a)(ia) on a payment to a broking company and considered the substantial question of law raised. Additionally, the Court dismissed the disallowance under section 40(a)(ia) for short deduction of tax on transaction charges paid to the National Stock Exchange, agreeing with the Tribunal's reasoning. The Court also rejected the disallowance of charges paid to NSDL/CDSL, indicating a potential future consideration of the applicability of tax disallowance in such cases. Case-Laws Income Tax Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348946