https://www.taxtmi.com/caselaws?id=57384 The Tribunal upheld the assessee's entitlement to relief under section 54E(3) for additional compensation received, despite the Revenue's objections. It ruled that expenses incurred in challenging compensation were allowable under section 48(i) of the Income-tax Act, emphasizing that such expenses contributed to obtaining higher compensation. The Tribunal also clarified the application of sections 155(7A) and 54E(3) to assessments involving additional compensation, affirming the assessee's right to relief under section 54E(3) and directing the Income Tax Officer to grant the relief upon verification. en-us Mon, 12 Mar 1984 00:00:00 +0530 Thu, 09 Dec 2010 18:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57384 The Tribunal upheld the assessee's entitlement to relief under section 54E(3) for additional compensation received, despite the Revenue's objections. It ruled that expenses incurred in challenging compensation were allowable under section 48(i) of the Income-tax Act, emphasizing that such expenses contributed to obtaining higher compensation. The Tribunal also clarified the application of sections 155(7A) and 54E(3) to assessments involving additional compensation, affirming the assessee's right to relief under section 54E(3) and directing the Income Tax Officer to grant the relief upon verification. Case-Laws Income Tax Mon, 12 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57384