Dhruvesh Shah (partner) (443 Points)
16 March 2010
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 16 March 2010
I think such expenses is not allowable...
But let others reply too
Amir
(Learner)
(4016 Points)
Replied 16 March 2010
Dear Dhruvesh,
Bhai I hope u r not playing with us like Balaji Bhai does.........:)
Compensation paid to tenants for vacating premises - Where the assessee sold a property to the Bombay Municipal Corporation, and paid compensation to the hutment dwellers for vacating the land, the amount so paid was allowable as ‘cost of improvement’ in the computation of capital gains, since by eviction of the hutment dwellers the value of the land increased - CIT v. Miss Piroja C. Patel [2000] 242 ITR 582 (Bom.).