Compensation paid

This query is : Resolved 

31 December 2015 An assessed acquired land in rs. 10lakh f.Y. 2007-08 and paid compensation of rs. 30 lakh in f.y.2010-11 for cancellation of agreement to sale. Whether said compensation may be treated as expenditure or cost of improvement

02 January 2016 From the query it is not clear, to whom the compensation is paid in respect of which sale agreement it was paid ?



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