9911796707
TMI Blog1965 (7) TMI 8X X X X Extracts X X X X X X X X Extracts X X X X ..... ed in rejecting the claim - held, yes X X X X Extracts X X X X X X X X Extracts X X X X ..... ee has stressed two points before us and these relate to a sum of Rs. 6,066-14-0 admittedly paid by way of retrenchment compensation and another sum of Rs. 6,055 written off as bad debts. Dealing with the first of these amounts, it is seen that retrenchment compensation was paid because some part of the land from which agricultural income was derived was either acquired or sold by the assessee. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... applicable to the estate in question. There is nothing to indicate the terms of the transfer. It may be that the assessee had received full consideration because he has not been able to induce the transferee to undertake the liability to retrenchment compensation provided by the section. If that be so, it would not be correct to say that this amount paid should be an item of deduction in computin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vis and that of the Supreme Court in Badridas Daga v. Commissioner of Income-tax should govern the question whether the deduction claimed can be allowed. In a recent decision of this court, I.T.R. No. 13 of 1964 , the above decisions have been relied on and followed. We think the same principle must apply in deciding the question here. Applying that principle we hold that this item represents an a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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