1980 (3) TMI 175 - AT - Income Tax

Summary

The Department appealed whether Rs. 17,000 paid by the assessee for vacant possession of property is deductible in computing capital gains. The AAC allowed the deduction, finding a nexus between the payment and the sale. The Tribunal upheld the AAC's decision, dismissing the departmental appeal. (Case: Appellate Tribunal ITAT MADRAS-C, Citation: 1980 (3) TMI 175 - ITAT MADRAS-C)