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2016 (11) TMI 960 - ITAT MUMBAITDS u/s 194J - non deduction of tds on transaction charges paid to the Stock Exchange - Held that:- As decided in Commissioner of Income Tax 4, Mumbai Vs. Kotak Securities Ltd.[2016 (3) TMI 1026 - SUPREME COURT ] the assessee was not liable to deduct the TDS upon the transaction charges paid to the Stock Exchange. Therefore, when the amount was not due then no interest was liable to be payable. Accordingly, the order passed by the CIT(A) is wrong against law and facts and is liable to be set aside and these issues are decided in favour of the assessee against the revenue.
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