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

June 5, 2019[2019] 107 308 (Cochin - Trib.)/[2019] 177 ITD 614 (Cochin - Trib.)

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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