https://www.taxtmi.com/caselaws?id=191755 The Tribunal allowed the assessee's appeal, directing the AO to permit the deduction of Portfolio Management Services (PMS) fees as claimed, emphasizing the importance of consistency in judicial decisions and procedural fairness in tax assessments. The Tribunal referred to prior decisions favoring the deduction of PMS fees in similar cases and highlighted the principle of favoring the view beneficial to the assessee. The decision underscored the significance of following established legal principles unless overturned by a higher court. en-us Wed, 30 Jul 2014 00:00:00 +0530 Tue, 18 Apr 2017 07:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191755 The Tribunal allowed the assessee's appeal, directing the AO to permit the deduction of Portfolio Management Services (PMS) fees as claimed, emphasizing the importance of consistency in judicial decisions and procedural fairness in tax assessments. The Tribunal referred to prior decisions favoring the deduction of PMS fees in similar cases and highlighted the principle of favoring the view beneficial to the assessee. The decision underscored the significance of following established legal principles unless overturned by a higher court. Case-Laws Income Tax Wed, 30 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191755