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Matter remanded to verify agreement before allowing deduction of enhanced compensation paid for land taken on lease

August 9, 2019[2019] 107 taxmann.com 308 (Cochin - Trib.)
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INCOME TAX: Where assessee became liable to pay enhanced compensation in respect of land taken on lease pursuant to proceedings under Land Acquisition Act, compensation so paid could not be allowed as revenue expenditure without examining lease agreement based on which assessee was entitled to recover same from sub-lessees

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