https://www.taxtmi.com/caselaws?id=262353 The High Court held that the discharge of a mortgage created after acquiring the property does not qualify as an expense incurred wholly and exclusively in connection with the transfer under Section 48(1)(i) of the Income Tax Act. The appeal was dismissed, and the Tribunal's decision was upheld. en-us Mon, 15 Jun 2015 00:00:00 +0530 Sat, 08 Aug 2015 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262353 The High Court held that the discharge of a mortgage created after acquiring the property does not qualify as an expense incurred wholly and exclusively in connection with the transfer under Section 48(1)(i) of the Income Tax Act. The appeal was dismissed, and the Tribunal's decision was upheld. Case-Laws Income Tax Mon, 15 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262353