https://www.taxtmi.com/caselaws?id=306819 The Revenue's appeal against the deletion of expenses related to VSAT, Leaseline, and Transaction charges under sections 194J and 194C of the I.T. Act for Assessment Year 2006-07 was dismissed. The Tribunal upheld the CIT(A)'s decision, ruling that the charges were for using Stock Exchange facilities, not for technical services, and therefore not subject to TDS. The judgment emphasized that Stock Exchanges do not provide technical or managerial services to members. The disallowance of expenses under section 40(a)(ia) was deleted, and the appeal by the Revenue was dismissed. en-us Wed, 25 May 2011 00:00:00 +0530 Tue, 28 Feb 2023 11:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306819 The Revenue's appeal against the deletion of expenses related to VSAT, Leaseline, and Transaction charges under sections 194J and 194C of the I.T. Act for Assessment Year 2006-07 was dismissed. The Tribunal upheld the CIT(A)'s decision, ruling that the charges were for using Stock Exchange facilities, not for technical services, and therefore not subject to TDS. The judgment emphasized that Stock Exchanges do not provide technical or managerial services to members. The disallowance of expenses under section 40(a)(ia) was deleted, and the appeal by the Revenue was dismissed. Case-Laws Income Tax Wed, 25 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306819