Brokerage Fees for Mutual Fund Investments Classified as Revenue Expenditure, Not Capital, No Enduring Benefit Provided.

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....Expenditure on brokerage expenditure paid for obtaining investments in mutual funds - investment made in the funds yields income over a period of years, however the said amount of brokerage expenditure incurred is not refundable to the assessee in any circumstances - The expenditure cannot not be categorized in the capital filed on the plea of enduring benefit - Allowed as revenue expenditure - AT....