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2018 (6) TMI 297 - HC - Income TaxComputation of capital gains - Disallowance of brokerage u/s 48 - Held that:- Property was in Bangalore, the brokerage was paid for the services rendered to the assessee - such expenditure would be permissible for the transfer of an asset, but the burden was on the assessee to demonstsrate that the expenses had been incurred - thus AT was satisfied that brokerage commission is paid by way of a cheque - hence deduction is allowed. Trading liability u/s 41(1) - Held that:- Here was no question of adding the amount received by the assessee from her father for purchasing a house property to her income since section 41(1) (a) does not apply here - Decided in favor of assessee.
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