https://www.taxtmi.com/caselaws?id=327174 The Tribunal upheld the disallowance of management expenses claimed for earning short-term capital gains by partially allowing deductible expenses related to Portfolio Management Services. The Tribunal dismissed the assessee's appeal based on previous decisions and statutory regulations governing portfolio managers' services. Additionally, the Revenue's appeal was dismissed due to the tax effect falling below the threshold specified in the CBDT Circular No. 21/2015, which restricts filing appeals for amounts below Rs. 10 lacs. en-us Wed, 30 Mar 2016 00:00:00 +0530 Thu, 05 May 2016 00:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327174 The Tribunal upheld the disallowance of management expenses claimed for earning short-term capital gains by partially allowing deductible expenses related to Portfolio Management Services. The Tribunal dismissed the assessee's appeal based on previous decisions and statutory regulations governing portfolio managers' services. Additionally, the Revenue's appeal was dismissed due to the tax effect falling below the threshold specified in the CBDT Circular No. 21/2015, which restricts filing appeals for amounts below Rs. 10 lacs. Case-Laws Income Tax Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327174