{"id":5330,"date":"2019-05-02T09:51:55","date_gmt":"2019-05-02T09:51:55","guid":{"rendered":"http:\/\/itatonline.org\/digest\/aig-offshore-systems-services-inc-v-acit-2019-175-itd-647-mum-trib\/"},"modified":"2019-07-21T14:35:15","modified_gmt":"2019-07-21T14:35:15","slug":"aig-offshore-systems-services-inc-v-acit-2019-175-itd-647-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/aig-offshore-systems-services-inc-v-acit-2019-175-itd-647-mum-trib\/","title":{"rendered":"AIG Offshore Systems Services Inc. v. ACIT (2019) 175 ITD 647\/ 197 TTJ 765  (Mum.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that professional fees paid to lawyers \/ accounting firms for services rendered for sale of shares of subsidiary is held to be allowable as deduction while computing capital gains . Referred CIT v. Shakuntala Kantilal (1991) 190 ITR 56 (Bom.) (HC). ( AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 48 : Capital gains\u2013Computation-Foreign Institutional Investor (FII)-Sale of shares of Indian subsidiary-legal\/professional fees paid to lawyers\/accounting firms- Allowable as deduction. [S.45,  48(1)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5330","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1nY","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=5330"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5330\/revisions"}],"predecessor-version":[{"id":6212,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5330\/revisions\/6212"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}