Payment of compensation for obtaining vacant & peaceful possession of premises cannot be allowed as revenue expenditure

RELEVANT PARAGRAPH 10. We have heard the rival submission and perused the relevant material on record in the light of precedents relied upon. The factual position has been elaborately noted in the foregoing paragraphs. To sum up the facts, it is noted that Shri Kulwant Singh Kohli was the original owner of the three shops which were given on rent to Shri Gurbaxish Singh Kohli and Gunjan Kaur Kohli. These two persons are closely related to Shri Kuhvanl Singh Kohli as his son and daughter-in- law. The Id counsel for the assessee has fairly admittedly that no tenancy agreement order was executed ...