https://www.taxtmi.com/highlights?id=71048 Deduction of expenses from capital gain - Amount paid to avoid to litigation, claimed as deduction against the short-term capital gain - sham transaction - The revenue did not initiate proceedings against the company involved in the transaction - The assessee cannot be subjected to tax for the capital gain on the amount mentioned in the memorandum of understanding - Additions deleted - AT en-us Sat, 22 Jul 2023 22:57:29 +0530 Sat, 22 Jul 2023 22:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71048 Deduction of expenses from capital gain - Amount paid to avoid to litigation, claimed as deduction against the short-term capital gain - sham transaction - The revenue did not initiate proceedings against the company involved in the transaction - The assessee cannot be subjected to tax for the capital gain on the amount mentioned in the memorandum of understanding - Additions deleted - AT Highlights Income Tax Sat, 22 Jul 2023 22:57:29 +0530 https://www.taxtmi.com/highlights?id=71048