Sum paid to law firms for preparing doc. to facilitate sale of shares was allowable deduction u/s 48

IT : Where assessee while computing long-term capital gain arising on sale of shares of its Indian subsidiary, claimed deduction of legal/professional fees paid to lawyers/accounting firms, in view of fact that services rendered by law firms were in relation to advise on sale of entire shareholding of Indian subsidiary and included preparation of share sale/purchase agreement, share transfer forms, etc., it could be concluded that expenditure was in relation to transfer of shares of Indian subsi

from www.taxmann.com Latest Case Laws https://ift.tt/2TE1Kie