The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the transaction charges paid to the National Multi Commodity Exchange of India (NMCE) should be treated as ‘business expenditure’ for the purpose of allowing deduction under the Income Tax Act. The Assessing Officer, in the instant case, rejected the claim of deduction made by […]
The post Transaction Charges paid to National Multi Commodity Exchange of India is Business Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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