Consideration paid for Acquisition of Shares does not come under Revenue Deduction: ITAT [Read Order]

acquisition of shares - revenue deduction - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Pune has ruled that, Consideration paid for the acquisition of shares does not come under revenue deduction. The appellant, M/s. Adler Mediequip Pvt. Ltd is a company incorporated under the provisions of the Companies Act, 1956. The return of income for the assessment year 2017-18 was filed disclosing Rs….

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