https://www.taxtmi.com/caselaws?id=426188 Amounts paid to a facilitator for securing or effecting transfer of a capital asset were treated as expenditure intrinsically connected with the transfer, not as income diverted at source, so the payment was deductible under section 48. On the facts, the transfer for capital gains purposes was completed in financial year 2010-11, making that year's cost inflation index applicable. A receipt labelled as interest on compensation was split on its real character: the compensation component fell within capital gains, while delay interest was taxable as income from other sources, with the corresponding statutory deduction under section 57(iv). The factual basis for deduction under section 54F was also accepted. en-us Mon, 18 Jul 2022 00:00:00 +0530 Mon, 08 Aug 2022 21:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426188 Amounts paid to a facilitator for securing or effecting transfer of a capital asset were treated as expenditure intrinsically connected with the transfer, not as income diverted at source, so the payment was deductible under section 48. On the facts, the transfer for capital gains purposes was completed in financial year 2010-11, making that year's cost inflation index applicable. A receipt labelled as interest on compensation was split on its real character: the compensation component fell within capital gains, while delay interest was taxable as income from other sources, with the corresponding statutory deduction under section 57(iv). The factual basis for deduction under section 54F was also accepted. Case-Laws Income Tax Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426188