https://www.taxtmi.com/caselaws?id=392264 The Tribunal allowed the appeal by the assessee regarding the allocation of Portfolio Management Services (PMS) Charges. It held that the assessee's method of apportioning PMS Charges based on income earned through the respective PMS providers was correct, contrary to the revenue authorities' allocation. The Tribunal accepted the documentary evidence provided by the assessee and directed that the allocation of PMS Charges as done by the assessee be upheld, overturning the decisions of the CIT(A) and the Assessing Officer. en-us Fri, 03 Jan 2020 00:00:00 +0530 Mon, 17 Feb 2020 08:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392264 The Tribunal allowed the appeal by the assessee regarding the allocation of Portfolio Management Services (PMS) Charges. It held that the assessee's method of apportioning PMS Charges based on income earned through the respective PMS providers was correct, contrary to the revenue authorities' allocation. The Tribunal accepted the documentary evidence provided by the assessee and directed that the allocation of PMS Charges as done by the assessee be upheld, overturning the decisions of the CIT(A) and the Assessing Officer. Case-Laws Income Tax Fri, 03 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392264