https://www.taxtmi.com/caselaws?id=25854 Payment made to protected tenants for relinquishing statutory rights so the assessee could perfect title and obtain the full compensation on compulsory acquisition was held not deductible under section 48 of the Income-tax Act, 1961. The court treated the amounts as voluntary consideration for buying out third-party rights, not as expenditure wholly and exclusively in connection with the transfer and not as cost of acquisition or cost of improvement under sections 48 and 55. The expression "cost of acquisition" was treated as exhaustive, and the claim therefore failed against the assessee. en-us Wed, 11 Feb 1987 00:00:00 +0530 Mon, 01 Feb 2010 13:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25854 Payment made to protected tenants for relinquishing statutory rights so the assessee could perfect title and obtain the full compensation on compulsory acquisition was held not deductible under section 48 of the Income-tax Act, 1961. The court treated the amounts as voluntary consideration for buying out third-party rights, not as expenditure wholly and exclusively in connection with the transfer and not as cost of acquisition or cost of improvement under sections 48 and 55. The expression "cost of acquisition" was treated as exhaustive, and the claim therefore failed against the assessee. Case-Laws Income Tax Wed, 11 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25854