https://www.taxtmi.com/caselaws?id=200677 The ITAT Mumbai dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on the allowance of VSAT & Transaction charges and mark to market loss in future & option. The ITAT held that stock exchanges do not provide technical services, thus fees for facilities are not subject to TDS. Additionally, the mark to market loss was allowed as a valid business loss under section 37(1), following Supreme Court principles. The ITAT upheld the CIT(A)'s orders, finding no grounds to overturn them. en-us Wed, 27 Jul 2011 00:00:00 +0530 Thu, 12 Apr 2018 12:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200677 The ITAT Mumbai dismissed the Revenue's appeal, affirming the CIT(A)'s decisions on the allowance of VSAT & Transaction charges and mark to market loss in future & option. The ITAT held that stock exchanges do not provide technical services, thus fees for facilities are not subject to TDS. Additionally, the mark to market loss was allowed as a valid business loss under section 37(1), following Supreme Court principles. The ITAT upheld the CIT(A)'s orders, finding no grounds to overturn them. Case-Laws Income Tax Wed, 27 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200677