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2016 (12) TMI 1487 - HC - Income TaxTDS u/s 194J - transaction charges paid to the Stock Exchange - Held that:- Revenue very fairly states that the issue raised herein is now concluded against the Revenue by virtue of the decision of Apex Court in CIT4 v/s. M/s. Kotak Securities Ltd [2016 (3) TMI 1026 - SUPREME COURT] wherein it has been held that the transaction charges paid to the Stock Exchange are not subject to deduction of tax at source under Section 194J of the Act. Application of Rule 8D of the Income Tax Rules to disallow expenses on exempt income - Held that:- Tribunal followed the decision of this Court in Godrej & Boyce Manufacturing Co. Ltd., v/s. DCIT [2010 (8) TMI 77 - BOMBAY HIGH COURT ] wherein it has been held that Rule 8D of the Income Tax Rules can be invoked only from Assessment Year 2008-09 onwards. No substantial question of law.
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