https://www.taxtmi.com/caselaws?id=378571 The Tribunal allowed the appeal of the assessee, reversing the lower authorities' decision to disallow the deduction of expenses incurred in connection with the transfer of shares. The Tribunal held that the expenses were directly linked to the transfer of shares, meeting the requirements of Section 48 of the Income Tax Act. As a result, the AO was directed to delete the addition made, granting the assessee the deduction claimed. en-us Mon, 21 Jan 2019 00:00:00 +0530 Thu, 18 Apr 2019 08:24:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378571 The Tribunal allowed the appeal of the assessee, reversing the lower authorities' decision to disallow the deduction of expenses incurred in connection with the transfer of shares. The Tribunal held that the expenses were directly linked to the transfer of shares, meeting the requirements of Section 48 of the Income Tax Act. As a result, the AO was directed to delete the addition made, granting the assessee the deduction claimed. Case-Laws Income Tax Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378571