https://www.taxtmi.com/caselaws?id=179763 The Tribunal upheld the decisions of the CIT(A) in dismissing the appeal. The deduction of Rs. 10 lacs for the daughter's maintenance and marriage from capital gains was not permitted, as it was deemed an application of income rather than a diversion by overriding title. Additionally, an ad hoc addition of Rs. 40,000 for inadequate household expense withdrawals was upheld due to the appellant's standard of living. en-us Fri, 24 Nov 2006 00:00:00 +0530 Wed, 09 Mar 2016 15:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179763 The Tribunal upheld the decisions of the CIT(A) in dismissing the appeal. The deduction of Rs. 10 lacs for the daughter's maintenance and marriage from capital gains was not permitted, as it was deemed an application of income rather than a diversion by overriding title. Additionally, an ad hoc addition of Rs. 40,000 for inadequate household expense withdrawals was upheld due to the appellant's standard of living. Case-Laws Income Tax Fri, 24 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179763