Sponsored
    Follow Us:

Case Law Details

Case Name : AIG Offshore Systems Services Inc. Vs ACIT (ITAT Mumbai)
Related Assessment Year : 2010-11
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

AIG Offshore Systems Services Inc. Vs ACIT (ITAT Mumbai)

Conclusion: Legal and professional fees paid in connection with the transfer of shares was allowable as deduction from long term capital gain under section 48(i) as the expenditure incurred was wholly and exclusively in connection with the transfer of shares of the Indian Subsidiary.

Held: In the present case, in the relevant previous year, assessee had transferred / sold shares of its Indian Subsidi

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

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31