ITAT Nagpur Allows Seller’s Registration Charges as Capital Gains Deduction – Agreement Terms Prevail

Ramesh Wasudeorao Nawsalkar Vs DCIT (ITAT Nagpur)

Registration Charges Paid by Seller Allowed as Deduction in Capital Gains – Agreement Terms Prevail Over General Stamp Law – ITAT Nagpur

The assessee claimed deduction of ₹5.47 lakh towards registration charges reimbursed to purchasers while computing capital gains on sale of plots. AO and CIT(A) disallowed the claim alleging that normally such expenses are to be borne by buyers and payment was made in cash.

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