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2016 (6) TMI 880 - AT - Income TaxEligibility to rebate claim u/s. 88E - Held that:- The assessee’s self transactions are to the tune of 41% and brokerage/clients’ transactions pertained to 59%. The proposition of law laid down by this Coordinate bench in the case of M/s. Millennium Stock Broking (P) Ltd.,[2015 (12) TMI 141 - ITAT KOLKATA], if we go by that then at the best revenue can disallow rebate u/s. 88E of the Act qua brokerage income at 10%, both on indirect expenses as well as interest - Decided partly in favour of assessee
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