Case Law Analysis
|Income Tax Appellate Tribunal
Success Fee for Share Sale Deductible Under Section 48(i) ITA | ITAT Bangalore
ITAT Bangalore allows ₹1.47 crore success fee paid to Singhi Advisors as deductible under Section 48(i) ITA, holding it was incurred wholly and exclusively for facilitating share transfer. The ruling clarifies capital gains computation for individual taxpayers engaged in share transactions.