https://www.taxtmi.com/highlights?id=76915 Computation of short term capital gain - allowable expenditure u/s. 48 - management fees - The Tribunal observed that there were contradictory decisions regarding the allowability of management fees under Section 48 of the Act. Referring to precedent cases, the Tribunal noted that when two views are possible, the view favorable to the assessee should be preferred. Considering the arguments and precedents, the Tribunal allowed the appeal of the assessee. en-us Fri, 26 Apr 2024 22:38:17 +0530 Fri, 26 Apr 2024 22:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76915 Computation of short term capital gain - allowable expenditure u/s. 48 - management fees - The Tribunal observed that there were contradictory decisions regarding the allowability of management fees under Section 48 of the Act. Referring to precedent cases, the Tribunal noted that when two views are possible, the view favorable to the assessee should be preferred. Considering the arguments and precedents, the Tribunal allowed the appeal of the assessee. Highlights Income Tax Fri, 26 Apr 2024 22:38:17 +0530 https://www.taxtmi.com/highlights?id=76915