IPO expenses borne by assessee for sale of his shares deductible from capital gain

IN THE ITAT CHENNAI BENCH ‘B’ Usharani Raghunathan v. Commissioner of Income-tax IT APPEAL NOs. 493 to 495 (MDS.) OF 2012 [ASSESSMENT YEAR 2007-08] MAY 10, 2012 ORDER Abraham P. George, Accountant Member These are appeals filed by different assessees for impugned assessment year. Since the fact situation giving raise to the appeals are similar, the appeals are disposed of through a consolidated order. All these appeals have been filed with a delay of 38 days. Condonation petitions were on record. Reasonable cause has been shown. Delay is condoned and appeals are ad...