https://www.taxtmi.com/caselaws?id=179747 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) that the payment claimed by the assessee did not qualify for deduction under section 48(i) of the Income Tax Act. The Tribunal found that the payment was voluntary and not wholly and exclusively incurred in connection with the transfer of shares, as required by the law. The appeal by the assessee was dismissed. en-us Fri, 28 Nov 2014 00:00:00 +0530 Wed, 09 Mar 2016 11:39:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179747 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) that the payment claimed by the assessee did not qualify for deduction under section 48(i) of the Income Tax Act. The Tribunal found that the payment was voluntary and not wholly and exclusively incurred in connection with the transfer of shares, as required by the law. The appeal by the assessee was dismissed. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179747