Held that amount paid for removing encumbrance to a property without which sale or transfer could not be effected, is allowable as deduction under section 48(i) of the Act. (AY. 2013-14)
Mahesh Pratapsingh Asher v. ACIT (2022) 193 ITD 336 (Mum.) (Trib.)
S. 48 : Capital gains-Computation-Amount paid for removing encumbrance to a property without which sale or transfer could not be effected, is allowable as deduction. [S. 48(1)]