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Income Tax - Highlights / Catch Notes

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Capital capital computation - expense deductible u/s 48 - ...


Expenses for Assistance in Eviction Deductible u/s 48 of Income Tax Act, Rules Court.

August 9, 2022

Case Laws     Income Tax     AT

Capital capital computation - expense deductible u/s 48 - payment made to a person who helped the assessee in obtaining favorable decision in her favour - it is apparently clear that right from the beginning of the agreement with that person that all the expenses involved in the process of obtaining vacant possession by evicting the Indian Navy would be borne by that person only - deduction allowed as cost of transfer - AT

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