https://www.taxtmi.com/caselaws?id=769761 HC allowed the amount paid to clear title defects as cost of acquisition under Section 48 for LTCG computation. The appellant purchased property in 1980 from vendors who lacked clear title due to ongoing family litigation. Court held the sisters were actual owners, making appellant's original title defective. The amount paid to resolve litigation and clear title was deemed wholly and exclusively incurred for transfer purposes, constituting part of acquisition cost rather than mere transfer expenses. Following Bradford Trading Co. precedent, HC ruled the payment enabled the transfer itself, not merely overcame difficulties, making it allowable as acquisition cost. en-us Wed, 27 Nov 2024 00:00:00 +0530 Fri, 20 Feb 2026 17:41:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769761 HC allowed the amount paid to clear title defects as cost of acquisition under Section 48 for LTCG computation. The appellant purchased property in 1980 from vendors who lacked clear title due to ongoing family litigation. Court held the sisters were actual owners, making appellant's original title defective. The amount paid to resolve litigation and clear title was deemed wholly and exclusively incurred for transfer purposes, constituting part of acquisition cost rather than mere transfer expenses. Following Bradford Trading Co. precedent, HC ruled the payment enabled the transfer itself, not merely overcame difficulties, making it allowable as acquisition cost. Case-Laws Income Tax Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769761