https://www.taxtmi.com/caselaws?id=216996 For capital gains purposes, only consideration that has actually accrued in substance can be brought to tax; the promised 18,000 sq. ft. construction never materialised after the later tripartite conveyance, so its value was excluded from the transfer computation. Premium paid to purchase and cancel shares of a rival shareholder group was treated as revenue expenditure because it was incurred to resolve a business-disrupting dispute, secure smooth management, and improve commercial efficiency without creating a capital asset or enduring benefit in the capital field. Both additions were deleted and the assessee obtained relief on each claim. en-us Fri, 07 Sep 2012 00:00:00 +0530 Fri, 24 May 2013 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216996 For capital gains purposes, only consideration that has actually accrued in substance can be brought to tax; the promised 18,000 sq. ft. construction never materialised after the later tripartite conveyance, so its value was excluded from the transfer computation. Premium paid to purchase and cancel shares of a rival shareholder group was treated as revenue expenditure because it was incurred to resolve a business-disrupting dispute, secure smooth management, and improve commercial efficiency without creating a capital asset or enduring benefit in the capital field. Both additions were deleted and the assessee obtained relief on each claim. Case-Laws Income Tax Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216996