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2016 (10) TMI 203 - ITAT MUMBAITDS u/s 194J - assessee in default on account of non deduction of tax at source u/s 194J on the amount of transaction charges paid by the assessee to National Stock Exchange of India (in short, NSE) - Held that:- Services provided by the stock exchange to the assessee does not fall in the category of “technical services” as has been envisaged in section 194J and, therefore, respectfully following the judgement of Kotak Securities Ltd Vs CIT (2016 (3) TMI 1026 - SUPREME COURT) it is hereby held that assessee was not required to deduct tax at source from the payment made to NSE. Thus, grounds raised by the assessee are allowed.
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