https://www.taxtmi.com/caselaws?id=10658 The court held that the liability met by the assessee towards the dues of the Allahabad Bank was considered an expenditure incurred wholly and exclusively in connection with the transfer. The judgment favored the assessee, setting aside the Tribunal's order and ruling in favor of the assessee regarding the sum involved, against the Revenue. The appeal was allowed with no order as to costs, and parties were granted access to a certified copy of the judgment upon request. en-us Tue, 08 Mar 2005 00:00:00 +0530 Tue, 21 Jul 2009 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10658 The court held that the liability met by the assessee towards the dues of the Allahabad Bank was considered an expenditure incurred wholly and exclusively in connection with the transfer. The judgment favored the assessee, setting aside the Tribunal's order and ruling in favor of the assessee regarding the sum involved, against the Revenue. The appeal was allowed with no order as to costs, and parties were granted access to a certified copy of the judgment upon request. Case-Laws Income Tax Tue, 08 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10658