https://www.taxtmi.com/caselaws?id=328714 The appeal was dismissed by the Tribunal, upholding the decision of the CIT(A) to disallow the deduction for transfer fees paid. The Tribunal emphasized that new claims introduced in the second round of proceedings must align with the Tribunal's directions and cannot be entertained if they were not part of the original mandate. The rejection of the claim was based on the grounds that the expenses were not initially claimed and were introduced after receiving the valuation report, contrary to the method of accounting and Supreme Court precedent. en-us Fri, 06 May 2016 00:00:00 +0530 Sat, 11 Jun 2016 11:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328714 The appeal was dismissed by the Tribunal, upholding the decision of the CIT(A) to disallow the deduction for transfer fees paid. The Tribunal emphasized that new claims introduced in the second round of proceedings must align with the Tribunal's directions and cannot be entertained if they were not part of the original mandate. The rejection of the claim was based on the grounds that the expenses were not initially claimed and were introduced after receiving the valuation report, contrary to the method of accounting and Supreme Court precedent. Case-Laws Income Tax Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328714