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C.I.T-4 Mumbai vs M/S Kotak Securities Ltd on 29 March, 2016

In this regard, analogy could be drawn from the decision of Hon'ble Supreme Court the case of (CIT vs Kotak Securities Ltd reported in 383 ITR 1 (SC) wherein it was held that service made available by Bombay Stock Exchange [BSE Online Trading (BOLT) System] 'for which transaction charges are paid by members of BSE are common services that every member of Stock Exchange is necessarily required to avail of to carry out trading in securities in Stock Exchange such services do not amount to technical services provided by Stock Exchange, not being services specifically sought for by user or consumer and, therefore, no TDS would be deductable under section 194J on payments made for such services."
Supreme Court of India Cites 11 - Cited by 164 - R Gogoi - Full Document
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