https://www.taxtmi.com/caselaws?id=22543 HC held that "full value of consideration" contemplates additions and deductions and that clause (i) of section 48-expenditure incurred wholly and exclusively in connection with the transfer-is broader than expenditure "for the transfer." Payments absolutely necessary to effect transfer, including compensation to remove encumbrances, qualify as deductible expenditure. Accordingly, the sale consideration must be reduced by the compensation paid, and the appeal is allowed in favour of the assessee. en-us Tue, 19 Mar 1991 00:00:00 +0530 Sat, 25 Oct 2025 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22543 HC held that "full value of consideration" contemplates additions and deductions and that clause (i) of section 48-expenditure incurred wholly and exclusively in connection with the transfer-is broader than expenditure "for the transfer." Payments absolutely necessary to effect transfer, including compensation to remove encumbrances, qualify as deductible expenditure. Accordingly, the sale consideration must be reduced by the compensation paid, and the appeal is allowed in favour of the assessee. Case-Laws Income Tax Tue, 19 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22543