https://www.taxtmi.com/caselaws?id=327448 The ITAT dismissed the revenue's appeal, partially allowed the assessee's appeal and cross-objection, and directed the deletion of the penalty imposed. The decision was based on the ownership evidence from the agreement of sale deed and the injunction obtained, along with the justification for the encumbrance compensation deduction as a necessary expense for the sale of the capital asset. en-us Thu, 31 Mar 2016 00:00:00 +0530 Mon, 09 May 2016 20:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327448 The ITAT dismissed the revenue's appeal, partially allowed the assessee's appeal and cross-objection, and directed the deletion of the penalty imposed. The decision was based on the ownership evidence from the agreement of sale deed and the injunction obtained, along with the justification for the encumbrance compensation deduction as a necessary expense for the sale of the capital asset. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327448