https://www.taxtmi.com/caselaws?id=791254 Compensation paid for cancelling earlier share-sale agreements can be deductible as expenditure incurred wholly and exclusively in connection with transfer of shares where the arrangement is genuine, commercially substantiated, and supported by banking records, with no evidence of sham, round-tripping, or lack of nexus to the eventual transfer. Further enquiry by the appellate authority does not breach the rule against admission of additional evidence when it relies on material already on record or public documents, and no prejudice from procedural breach is shown. On these principles, the addition was not sustainable. en-us Thu, 16 Apr 2026 00:00:00 +0530 Wed, 06 May 2026 16:09:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791254 Compensation paid for cancelling earlier share-sale agreements can be deductible as expenditure incurred wholly and exclusively in connection with transfer of shares where the arrangement is genuine, commercially substantiated, and supported by banking records, with no evidence of sham, round-tripping, or lack of nexus to the eventual transfer. Further enquiry by the appellate authority does not breach the rule against admission of additional evidence when it relies on material already on record or public documents, and no prejudice from procedural breach is shown. On these principles, the addition was not sustainable. Case-Laws Income Tax Thu, 16 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791254