https://www.taxtmi.com/caselaws?id=181190 Section 54 relief is explained as being linked to the assessee's actual contribution towards purchase of a new residential house; joint names in the conveyance document do not by themselves justify restricting the deduction to one-third where the assessee funded the investment. Transfer charges paid to a cooperative society are also treated as deductible expenditure in computing capital gains under section 48(1) when they are incurred in connection with the transfer and are supported by receipts. The article notes that the capital-gains relief was sustained to the extent upheld on the facts, and that real contribution and transfer-linked payment determined the tax treatment. en-us Fri, 29 Apr 2011 00:00:00 +0530 Sat, 09 Apr 2016 09:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181190 Section 54 relief is explained as being linked to the assessee's actual contribution towards purchase of a new residential house; joint names in the conveyance document do not by themselves justify restricting the deduction to one-third where the assessee funded the investment. Transfer charges paid to a cooperative society are also treated as deductible expenditure in computing capital gains under section 48(1) when they are incurred in connection with the transfer and are supported by receipts. The article notes that the capital-gains relief was sustained to the extent upheld on the facts, and that real contribution and transfer-linked payment determined the tax treatment. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181190