https://www.taxtmi.com/caselaws?id=795699 Expenditure incurred wholly and exclusively in connection with transferring a capital asset is deductible in computing capital gains. Advisory success fees for facilitating a share divestment qualify where the engagement, invoice, payment evidence, consultant confirmation and transaction correspondence establish a direct nexus with the transfer. A buyer's statement that no middleman or agent was engaged does not negate the claim when the consultant acted as an adviser rather than an agent or broker. The success fee was therefore deductible from capital gains on the share sale. en-us Tue, 21 Jul 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795699 Expenditure incurred wholly and exclusively in connection with transferring a capital asset is deductible in computing capital gains. Advisory success fees for facilitating a share divestment qualify where the engagement, invoice, payment evidence, consultant confirmation and transaction correspondence establish a direct nexus with the transfer. A buyer's statement that no middleman or agent was engaged does not negate the claim when the consultant acted as an adviser rather than an agent or broker. The success fee was therefore deductible from capital gains on the share sale. Case-Laws Income Tax Tue, 21 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795699