https://www.taxtmi.com/caselaws?id=70099 The Tribunal allowed the appeal, directing the Income Tax Officer to recompute the capital gains by deducting the amounts paid to discharge family debts from the consideration received. The Tribunal emphasized the principle of real income and the necessity of considering expenditures incurred in connection with the transfer of property. en-us Thu, 14 Jul 1988 00:00:00 +0530 Thu, 14 Apr 2011 13:00:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70099 The Tribunal allowed the appeal, directing the Income Tax Officer to recompute the capital gains by deducting the amounts paid to discharge family debts from the consideration received. The Tribunal emphasized the principle of real income and the necessity of considering expenditures incurred in connection with the transfer of property. Case-Laws Income Tax Thu, 14 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70099