https://www.taxtmi.com/caselaws?id=18220 The Tribunal disallowed the deduction of Rs. 30,000 paid to the assessee's sisters from the capital gains, stating it did not qualify as "cost of acquisition" or "cost of improvement." The court upheld this decision, emphasizing that the payment was made in 1960 and did not enhance the property. Referring to relevant sections of the Income-tax Act and past cases, the court concluded that the payment could not be added to the cost of acquisition. Ultimately, the court ruled against the assessee, affirming the Tribunal's decision without awarding costs. en-us Wed, 24 Jan 1996 00:00:00 +0530 Tue, 29 Sep 2009 15:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18220 The Tribunal disallowed the deduction of Rs. 30,000 paid to the assessee's sisters from the capital gains, stating it did not qualify as "cost of acquisition" or "cost of improvement." The court upheld this decision, emphasizing that the payment was made in 1960 and did not enhance the property. Referring to relevant sections of the Income-tax Act and past cases, the court concluded that the payment could not be added to the cost of acquisition. Ultimately, the court ruled against the assessee, affirming the Tribunal's decision without awarding costs. Case-Laws Income Tax Wed, 24 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18220