2015 (4) TMI 10

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....Justice Jayant Patel) 1. The Revenue has preferred the present appeal by raising the following question:- "Whether the Income-tax Appellate Tribunal's order is perverse in fact and in law in upholding the decision of the CIT(A) in deleting the addition of Rs. 57,20,000/- claimed by the assessee towards cost of improvement and added by the AO treating the same as not an expense incurred in co....

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....ntered into an agreement to sell the land and therefore had asked the tenant to vacate the land prior to the completion of the lease period. (3) That M/s. Gujarat Steels & Pipes had carried out certain construction on the land and had borne the expenditure on account of the same. (4) That the tenant had to bear certain cost on account of shifting after vacation from the said land to another ....

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.... tax and interest at the rate of 20% on account of L.T.C.G. I therefore, I hold that the disallowance of Rs. 57,20,000/- of compensation paid to the tenant is not justified and is deleted." 4. The aforesaid shows that in the appeal, disallowance of the amount of Rs. 57,20,000/- paid as compensation to the tenant was found as not justified and was ordered to be deleted. 5. The Tribunal, in th....