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2002 (9) TMI 33 - HC - Income TaxWhether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in holding, and had valid materials to hold that the sum of Rs. 2 lakhs paid by the assessee to Shri A. M. Buhari is an expenditure incurred wholly and exclusively in connection with the transfer of the Bradford undertaking ?- Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in holding, and had valid materials to hold that the sum of Rs. 2 lakhs paid by the assessee is an expenditure incurred wholly and exclusively in connection with the transfer of the Bradford undertaking and also the amount of Rs. 16,000 spent by the assessee towards legal expenses in connection with the compromise agreement is a permissible deduction in computing the capital gains in the assessee's case? – Both the questions is answered in the affirmative, against the Revenue and in favour of the assessee.
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