https://www.taxtmi.com/caselaws?id=206463 ITAT Mumbai dismissed the assessee's appeal, upholding disallowance of professional/profit-sharing fees claimed as deductible in computing capital gains under s. 48. The Tribunal held that such fees do not constitute part of the cost of acquisition or improvement, nor are they deductible expenses in relation to transfer, and therefore must be ignored in capital gains computation. Applying the doctrine of stare decisis, ITAT followed its own earlier coordinate-bench decisions that had decided the identical issue against the assessee on pari materia facts. Finding no exceptional circumstances to depart from precedent, the Tribunal sustained the assessment and confirmed the impugned order. en-us Wed, 28 Sep 2011 00:00:00 +0530 Tue, 02 Dec 2025 20:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206463 ITAT Mumbai dismissed the assessee's appeal, upholding disallowance of professional/profit-sharing fees claimed as deductible in computing capital gains under s. 48. The Tribunal held that such fees do not constitute part of the cost of acquisition or improvement, nor are they deductible expenses in relation to transfer, and therefore must be ignored in capital gains computation. Applying the doctrine of stare decisis, ITAT followed its own earlier coordinate-bench decisions that had decided the identical issue against the assessee on pari materia facts. Finding no exceptional circumstances to depart from precedent, the Tribunal sustained the assessment and confirmed the impugned order. Case-Laws Income Tax Wed, 28 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206463