2017 (10) TMI 247

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..... /- to M/s. Ashwin Chinubhai Broking Pvt. Ltd.? Disallowance u/s 40(a) (ia) on payment towards V-Sat expenses and other connectivity charges - Held that:- Such an issue has been decided by the Supreme Court in case of Commissioner of Income Tax vs. Kotak Securities Ltd. [2016 (3) TMI 1026 - SUPREME COURT] as held that the brokers make payment to the stock exchange for the facilities of faceless .....

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..... sing Officer u/s 40(a) (ia) of the Act on payment of ₹ 70,18,471/- to M/s. Ashwin Chinubhai Broking Pvt. Ltd.? 2. To be heard with Tax Appeal No. 278 of 2017. 3. We notice that the Revenue has proposed another question which reads as under: Whether on the facts and circumstances of the case, Appellate Tribunal was justified in deleting disallowance made by Assessing Officer u/s 40(a .....

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