https://www.taxtmi.com/caselaws?id=57685 Compensation paid to a tenant on compulsory acquisition was deductible in computing capital gains where the tenant was a person interested in the acquired property and the payment represented reasonable compensation for that interest. The amount was not treated as a mere voluntary diversion of funds, but only the portion attributable to the tenant's compensable interest was allowed. The claimed deduction was found excessive, so deduction was restricted to the reasonable amount, and capital gains were computed on the net compensation after reducing that sum. en-us Thu, 28 Jun 1979 00:00:00 +0530 Mon, 13 Dec 2010 09:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57685 Compensation paid to a tenant on compulsory acquisition was deductible in computing capital gains where the tenant was a person interested in the acquired property and the payment represented reasonable compensation for that interest. The amount was not treated as a mere voluntary diversion of funds, but only the portion attributable to the tenant's compensable interest was allowed. The claimed deduction was found excessive, so deduction was restricted to the reasonable amount, and capital gains were computed on the net compensation after reducing that sum. Case-Laws Income Tax Thu, 28 Jun 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57685