Section 54 exemption eligible on brokerage for purchase of house property & on architect fees

Renu Ratnakar Bhattacharya Vs CIT (Appeals) (ITAT Mumbai) It is the case of the assessee that at the time of purchase of house property the assessee paid brokerage to the tune of Rs.2,50,000/- at the rate of 1% of the agreement cost of the new property to one Mr. Rajesh Mahendru. The assessee brought on record PAN of Mr. Rajesh Mahendru, bank statement of capital account, scheme showing the RTGS payment made to Mr. Rajesh Mahendru. Apparently, there is no dispute as to the identity and genuineness of the transaction as to making payment of brokerage by the assessee to Mr. Rajesh Mahendru which...