https://www.taxtmi.com/caselaws?id=280750 The Tribunal ruled in favor of the revenue, setting aside the CIT(A)'s decision and upholding the Assessing Officer's disallowance of the deduction claimed by the assessee for SEBI turnover charges. The Tribunal determined that SEBI turnover charges were akin to tax, duty, cess, or fees payable under the Securities and Exchange Board of India Act, 1992, falling within the scope of section 43B of the Income-tax Act. This decision highlighted the recurrent nature of the charges based on turnover and emphasized SEBI's regulatory authority in levying such charges. en-us Wed, 31 Aug 2005 00:00:00 +0530 Mon, 20 May 2019 16:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280750 The Tribunal ruled in favor of the revenue, setting aside the CIT(A)'s decision and upholding the Assessing Officer's disallowance of the deduction claimed by the assessee for SEBI turnover charges. The Tribunal determined that SEBI turnover charges were akin to tax, duty, cess, or fees payable under the Securities and Exchange Board of India Act, 1992, falling within the scope of section 43B of the Income-tax Act. This decision highlighted the recurrent nature of the charges based on turnover and emphasized SEBI's regulatory authority in levying such charges. Case-Laws Income Tax Wed, 31 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280750