https://www.taxtmi.com/caselaws?id=349092 The High Court considered disallowances made by the Assessing Officer under section 40(a) (ia) of the Act regarding payments to M/s. Ashwin Chinubhai Broking Pvt. Ltd. and V-Sat expenses. Relying on the Supreme Court's decision in Commissioner of Income Tax vs. Kotak Securities Ltd., it held that payments to stock exchanges for facilities were not subject to deduction at source under section 194J of the Act. Consequently, the High Court dismissed the Revenue's contentions, refusing to admit the questions related to the disallowances based on the Supreme Court precedent. en-us Mon, 11 Sep 2017 00:00:00 +0530 Fri, 06 Oct 2017 06:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349092 The High Court considered disallowances made by the Assessing Officer under section 40(a) (ia) of the Act regarding payments to M/s. Ashwin Chinubhai Broking Pvt. Ltd. and V-Sat expenses. Relying on the Supreme Court's decision in Commissioner of Income Tax vs. Kotak Securities Ltd., it held that payments to stock exchanges for facilities were not subject to deduction at source under section 194J of the Act. Consequently, the High Court dismissed the Revenue's contentions, refusing to admit the questions related to the disallowances based on the Supreme Court precedent. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349092