Expenses related to STCG cannot be apportioned to LTCG

HIGH COURT OF KARNATAKA Commissioner of Income-tax-III v. Mohd. V. Shaffiulla IT APPEAL NOS. 403 to 406 OF 2010 FEBRUARY 22, 2012 JUDGMENT N. Kumar J.  As in all these four appeals, the point that arises for consideration is the same and hence we have taken them up for consideration together and disposed off by this common order. 2. In ITA Nos. 403/2010 and 405/2010, the assessee claimed Rs. 90,00,000/- each as liaison charges. Whereas in ITA Nos.404/2010 and ITA 406/2010, the assessee has claimed Rs. 1,16,00,000/- and Rs. 1,04,00,000/- as liaison charges respectively. Though...