https://www.taxtmi.com/caselaws?id=244092 The Tribunal partially allowed the appeal, dismissing the disallowance of transaction charges under section 40(a)(ia) and ruling in favor of the assessee concerning the calculation of indexation benefit for capital gains on shares. The Tribunal held that transaction charges were fees for technical services and not allowable deductions under section 28. Additionally, it determined that the indexation benefit for capital gains on shares should start from the acquisition of the original asset, not the conversion date, as calculated by the CIT(A). en-us Wed, 29 Jan 2014 00:00:00 +0530 Tue, 18 Feb 2014 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244092 The Tribunal partially allowed the appeal, dismissing the disallowance of transaction charges under section 40(a)(ia) and ruling in favor of the assessee concerning the calculation of indexation benefit for capital gains on shares. The Tribunal held that transaction charges were fees for technical services and not allowable deductions under section 28. Additionally, it determined that the indexation benefit for capital gains on shares should start from the acquisition of the original asset, not the conversion date, as calculated by the CIT(A). Case-Laws Income Tax Wed, 29 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244092