https://www.taxtmi.com/caselaws?id=3457 The court held in favor of the appellant, allowing the deduction of expenses incurred by the executors for legal and professional charges, executors' expenses in England and India, and court fee expenses while computing capital gains. The court determined that these expenses were essential for transferring the property, including obtaining probate and evicting an unauthorized occupant, and should be considered as expenditure in connection with the transfer. The court distinguished a previous judgment cited by the Revenue and emphasized the genuineness of the claim, ultimately ruling in favor of allowing the deduction of the mentioned expenses. en-us Thu, 15 Nov 2007 00:00:00 +0530 Mon, 28 Jul 2008 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3457 The court held in favor of the appellant, allowing the deduction of expenses incurred by the executors for legal and professional charges, executors' expenses in England and India, and court fee expenses while computing capital gains. The court determined that these expenses were essential for transferring the property, including obtaining probate and evicting an unauthorized occupant, and should be considered as expenditure in connection with the transfer. The court distinguished a previous judgment cited by the Revenue and emphasized the genuineness of the claim, ultimately ruling in favor of allowing the deduction of the mentioned expenses. Case-Laws Income Tax Thu, 15 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3457