https://www.taxtmi.com/caselaws?id=392270 Payments claimed as settlement expenses or enhanced transfer cost were rejected in capital gains computation because the assessee failed to prove a genuine, necessary nexus with the property transfer. The alleged settlement payment was unsupported by reliable evidence of any enforceable liability, while the compromise record indicated unconditional withdrawal of the suit and did not show that the payment improved title or was required for transfer. The claimed payment to another party was also unsubstantiated, as the material showed he had already received his share and no further entitlement was proved. The disallowance was upheld, and the amounts were not allowed as cost of acquisition or transfer-related expenditure. en-us Thu, 13 Feb 2020 00:00:00 +0530 Mon, 17 Feb 2020 09:07:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392270 Payments claimed as settlement expenses or enhanced transfer cost were rejected in capital gains computation because the assessee failed to prove a genuine, necessary nexus with the property transfer. The alleged settlement payment was unsupported by reliable evidence of any enforceable liability, while the compromise record indicated unconditional withdrawal of the suit and did not show that the payment improved title or was required for transfer. The claimed payment to another party was also unsubstantiated, as the material showed he had already received his share and no further entitlement was proved. The disallowance was upheld, and the amounts were not allowed as cost of acquisition or transfer-related expenditure. Case-Laws Income Tax Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392270