Deduction of unamortized brokerage claimed via revised return is allowable

ACIT Vs Deutsche Asset Management (India) Pvt. Ltd. (ITAT Mumbai)

ITAT Mumbai held that deduction of unamortized brokerage expenses claimed through revised return of income is duly allowable.

Facts- The present appeal is preferred by the revenue. The revenue is aggrieved by the decision rendered by Ld CIT(A) in granting deduction of unamortized brokerage expenses of Rs.18.05 crores and granting deduction of ESOP expenses of Rs.19,48,373/-.

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