https://www.taxtmi.com/caselaws?id=209695 The Tribunal upheld the decision to assess income from the sale of shares under 'Capital gains' rather than 'Profits and gains of business or profession'. Additionally, the fee paid to the Asset Management Company (ENAM) was deemed allowable as a deduction under section 48 of the Income Tax Act. The Tribunal found the fee to be genuine, necessary for the acquisition and sale of securities, and in compliance with amended SEBI regulations. As a result, the appeals by the companies involved were allowed. en-us Tue, 31 May 2011 00:00:00 +0530 Mon, 06 Feb 2012 22:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209695 The Tribunal upheld the decision to assess income from the sale of shares under 'Capital gains' rather than 'Profits and gains of business or profession'. Additionally, the fee paid to the Asset Management Company (ENAM) was deemed allowable as a deduction under section 48 of the Income Tax Act. The Tribunal found the fee to be genuine, necessary for the acquisition and sale of securities, and in compliance with amended SEBI regulations. As a result, the appeals by the companies involved were allowed. Case-Laws Income Tax Tue, 31 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209695