Disallowance of deduction u/s 48(i) - computation of capital ...
Section 48(i) Deduction Permitted for Expenses on Transfer of Indian Subsidiary Shares in Capital Gain Computation.
January 22, 2019
Case Laws Income Tax AT
Disallowance of deduction u/s 48(i) - computation of capital gain - the expenditure incurred is wholly and exclusively in connection with the transfer of shares of the Indian Subsidiary. Hence, qualifies for deduction u/s 48(i).
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