The Tribunal held that brokerage was paid in connection with shares, the same has to be allowed as deduction in the computation of the capital gain in terms of S. 48 of the Act .The payment of demat charges cannot be allowed as deduction as the investment activity in shares carried on by the assessee is not of the trading nature. (AY. 2008-09)
DLF Commercial Developers Ltd. v. Dy. CIT (2018) 192 TTJ 769 (Delhi.)(Trib.)
S. 48 : Capital gains – Computation -Shares held as investment -brokerage is held to be allowable as deduction – Demat charges is held to be not allowable as deduction while computing capital gains .[ S.45 ]