https://www.taxtmi.com/caselaws?id=284565 The Tribunal dismissed the assessee's challenge against the disallowance of provision for Leave Encashment and upheld the decision of the CIT(A) allowing the deduction of Portfolio Management Services (PMS) fees as an allowable expenditure from capital gains. The Tribunal relied on a precedent set by the Pune Bench of the Tribunal in a related case. Both the assessee and the Revenue's appeals were dismissed, affirming the decision in favor of the assessee. The judgment was pronounced on 13-06-2014. en-us Fri, 13 Jun 2014 00:00:00 +0530 Fri, 24 Jan 2020 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284565 The Tribunal dismissed the assessee's challenge against the disallowance of provision for Leave Encashment and upheld the decision of the CIT(A) allowing the deduction of Portfolio Management Services (PMS) fees as an allowable expenditure from capital gains. The Tribunal relied on a precedent set by the Pune Bench of the Tribunal in a related case. Both the assessee and the Revenue's appeals were dismissed, affirming the decision in favor of the assessee. The judgment was pronounced on 13-06-2014. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284565