TMI BlogClaim of expenses from Capital Gains - Words “wholly and exclusively” do not connote “necessarily”. -...Claim of expenses from Capital Gains - Words “wholly and exclusively” do not connote “necessarily”. - The words “in connection with” are of wide import and if such expenses have an intimate connection with the transfer, they have to be allowed u/s 48. - AAR ..... X X X X Extracts X X X X X X X X Extracts X X X X
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