Brokerage cannot be deducted from Capital Gain if Assessee not furnishes evidence of payment

Smt. Preeti Rathi Vs ITO (ITAT Pune)

The first issue raised herein is against not allowing deduction towards brokerage of Rs.80,000/- paid by the assessee at the time of purchase of the property in the computation of capital gain towards.

The claim of the assessee is that she paid a sum of Rs.80,000/- as brokerage at the time of purchase of property, which was sold during the assessment year under consideration. Despite repeated requests, the assessee could not furnish any evidence of the payment of the brokerage. The

Please become a Premium member. If you are already a Premium member, login here to access the full content.