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2010 (2) TMI 789 - ITAT MUMBAIDeduction of Tax at Source - AO disallowed Leaseline charges and V. sat charges paid by stock broker to Stock exchange - Held that:- In view decision of co-ordinate Bench of Tribunal - Kotak Securities Limited (2008 -TMI - 207417 - ITAT MUMBAI) wherein it was held that stock exchanges did not render any managerial or technical services and therefore fees paid to them cannot be subjected to deduction of tax at source u/s. 194J. - Thus appeal of revenue is set aside.
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