https://www.taxtmi.com/caselaws?id=312217 The tribunal upheld the CIT(A)'s decision, dismissing the department's appeal. It affirmed that the payment made by the appellant to the Cooperative Housing Society was essential for the transfer of the property and thus admissible under Section 48(1) of the Income Tax Act, 1961. The tribunal found no error in the CIT(A)'s order, emphasizing the necessity and connection of the payment to the capital gains computation, aligning with the broader interpretation of "in connection with such transfer" as supported by previous judgments. en-us Thu, 30 Sep 2004 00:00:00 +0530 Wed, 07 Feb 2024 12:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312217 The tribunal upheld the CIT(A)'s decision, dismissing the department's appeal. It affirmed that the payment made by the appellant to the Cooperative Housing Society was essential for the transfer of the property and thus admissible under Section 48(1) of the Income Tax Act, 1961. The tribunal found no error in the CIT(A)'s order, emphasizing the necessity and connection of the payment to the capital gains computation, aligning with the broader interpretation of "in connection with such transfer" as supported by previous judgments. Case-Laws Income Tax Thu, 30 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312217