https://www.taxtmi.com/caselaws?id=326750 The Tribunal allowed the appeal, upholding the deduction of brokerage expenses and legal expenses incurred in connection with the transfer of shares. The validity of the enhancement power exercised by the CIT(A) was affirmed as within jurisdiction and related to the same issue. The levy of interest under section 234B was upheld, following the decision in CIT vs. Anjum Ghaswala. The order was pronounced on February 29, 2016, with a direction to verify the quantum of legal expenses. en-us Mon, 29 Feb 2016 00:00:00 +0530 Sat, 23 Apr 2016 10:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326750 The Tribunal allowed the appeal, upholding the deduction of brokerage expenses and legal expenses incurred in connection with the transfer of shares. The validity of the enhancement power exercised by the CIT(A) was affirmed as within jurisdiction and related to the same issue. The levy of interest under section 234B was upheld, following the decision in CIT vs. Anjum Ghaswala. The order was pronounced on February 29, 2016, with a direction to verify the quantum of legal expenses. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326750