https://www.taxtmi.com/caselaws?id=197582 The Tribunal upheld the CIT(A)'s decision to allow V-SAT and Transaction charges as reimbursement for infrastructure, not technical services. It dismissed the appeal, affirming the disallowance under section 40(a)(ia). Regarding the set off of brought forward losses against brokerage income, the Tribunal found the issue moot and rejected the claim, in line with the previous direction to treat losses as business losses. Grounds 8 & 9 were considered general and not addressed. en-us Fri, 12 Feb 2010 00:00:00 +0530 Wed, 10 Jan 2018 13:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197582 The Tribunal upheld the CIT(A)'s decision to allow V-SAT and Transaction charges as reimbursement for infrastructure, not technical services. It dismissed the appeal, affirming the disallowance under section 40(a)(ia). Regarding the set off of brought forward losses against brokerage income, the Tribunal found the issue moot and rejected the claim, in line with the previous direction to treat losses as business losses. Grounds 8 & 9 were considered general and not addressed. Case-Laws Income Tax Fri, 12 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197582