https://www.taxtmi.com/caselaws?id=58648 The Tribunal allowed the revenue's appeal, ruling that the amount paid to the assessee's brothers for vacating the premises was not deductible in calculating capital gains from the flat's sale. The Tribunal found that the brothers did not have legal rights in the property, emphasizing that allowing them to stay did not confer ownership. It concluded that the payment was a personal obligation, not a necessary expense for the sale, rejecting the family settlement claim due to the absence of genuine legal dispute. The Tribunal upheld the Assessing Officer's decision, reversing the CIT(A)'s order. en-us Wed, 14 Feb 1996 00:00:00 +0530 Wed, 09 Mar 2016 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58648 The Tribunal allowed the revenue's appeal, ruling that the amount paid to the assessee's brothers for vacating the premises was not deductible in calculating capital gains from the flat's sale. The Tribunal found that the brothers did not have legal rights in the property, emphasizing that allowing them to stay did not confer ownership. It concluded that the payment was a personal obligation, not a necessary expense for the sale, rejecting the family settlement claim due to the absence of genuine legal dispute. The Tribunal upheld the Assessing Officer's decision, reversing the CIT(A)'s order. Case-Laws Income Tax Wed, 14 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58648