https://www.taxtmi.com/caselaws?id=206465 The ITAT Mumbai held that fees paid for Portfolio Management Services (PMS) are not deductible when computing Long Term Capital Gain (LTCG) and Short Term Capital Gain (STCG). The tribunal affirmed the decisions of the Assessing Officer and the CIT(A), determining that PMS fees do not qualify as part of the acquisition cost, improvement cost, or expenses incurred wholly and exclusively in connection with share transfers. Consequently, the appeal brought by the assessee was rejected. en-us Thu, 25 Mar 2010 00:00:00 +0530 Wed, 22 Jun 2016 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206465 The ITAT Mumbai held that fees paid for Portfolio Management Services (PMS) are not deductible when computing Long Term Capital Gain (LTCG) and Short Term Capital Gain (STCG). The tribunal affirmed the decisions of the Assessing Officer and the CIT(A), determining that PMS fees do not qualify as part of the acquisition cost, improvement cost, or expenses incurred wholly and exclusively in connection with share transfers. Consequently, the appeal brought by the assessee was rejected. Case-Laws Income Tax Thu, 25 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206465