https://www.taxtmi.com/caselaws?id=472693 Section 48(i) permits deduction of expenditure only where credible evidence establishes that it was incurred wholly and exclusively in connection with the property transfer. A cancellation payment made after completion of the sale was not deductible where the underlying memorandum imposed no contractual obligation to pay it on rescission and no direct transfer nexus was proved. A claimed sale commission was likewise not deductible because no concrete evidence showed that services were rendered to facilitate the transfer. Unsupported or afterthought claims cannot reduce taxable capital gains. en-us Fri, 24 Oct 2025 00:00:00 +0530 Wed, 21 Oct 2026 19:01:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472693 Section 48(i) permits deduction of expenditure only where credible evidence establishes that it was incurred wholly and exclusively in connection with the property transfer. A cancellation payment made after completion of the sale was not deductible where the underlying memorandum imposed no contractual obligation to pay it on rescission and no direct transfer nexus was proved. A claimed sale commission was likewise not deductible because no concrete evidence showed that services were rendered to facilitate the transfer. Unsupported or afterthought claims cannot reduce taxable capital gains. Case-Laws Income Tax Fri, 24 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472693