https://www.taxtmi.com/caselaws?id=260869 The Tribunal partially allowed the assessee's appeal by upholding the disallowance of Provision for Leave Encashment and allowing the deduction of Portfolio Management Services (PMS) fees as an allowable expenditure from capital gains. Additionally, the Tribunal upheld the assessee's computation of deduction under section 80-IA of the Act for the Windmill Undertaking, dismissing the Revenue's cross-appeal. The decisions were based on past precedents and legal interpretations, leading to specific directions for the Assessing Officer to take appropriate actions in accordance with the Tribunal's rulings. en-us Wed, 18 Feb 2015 00:00:00 +0530 Tue, 09 Jun 2015 09:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260869 The Tribunal partially allowed the assessee's appeal by upholding the disallowance of Provision for Leave Encashment and allowing the deduction of Portfolio Management Services (PMS) fees as an allowable expenditure from capital gains. Additionally, the Tribunal upheld the assessee's computation of deduction under section 80-IA of the Act for the Windmill Undertaking, dismissing the Revenue's cross-appeal. The decisions were based on past precedents and legal interpretations, leading to specific directions for the Assessing Officer to take appropriate actions in accordance with the Tribunal's rulings. Case-Laws Income Tax Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260869