Dismissing the appeal of the revenue the Tribunal held that Expenditure incurred on account of stamp duty , registration charges and society transfer fee , as per contractual terms is an allowable expenditure . ( ITA No. 3019 /Mum/ 2019 dt 11-11-2020 ) ( AY. 2015 -16)
DCIT v. B.E.Billimoria & Co Ltd ( 2021 ) BCAJ-January -P 48 ( Mum) (Trib)
S. 50 : Capital gains – Depreciable assets – Block of assets – Expenditure incurred on account of stamp duty , registration charges and society transfer fee , as per contractual terms is an allowable expenditure [ S.45, 50(1)(i) ]