Contributions to Core SGI not an expense. Stock Exchange is a specified person. Statutory contributions allowed as business expense.

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....The Appellate Tribunal addressed several issues. Firstly, it ruled that contributions to the Core Settlement Guarantee Fund by the Stock Exchange are considered income u/s 10(23EE). The Tribunal relied on a prior case involving the Bombay Stock Exchange to support this decision. Secondly, the Tribunal directed the AO to reevaluate the treatment of lease premium amortization on leasehold land. Thirdly, it instructed the CIT(A) to thoroughly review the classification of maintenance charges from Licensees as income from house property. Lastly, the Tribunal remanded the disallowance u/s 14A r.w.r. 8D for further examination by the AO to ensure the accuracy of the disallowance calculation method.....