Amendment status not verified — confirm the current text below against the official source.
Where the Board is of opinion that the owner has on or after the Effect of transaction appointed day disposed of any fixed assets whether by way of sale, not &ma exchange, gift, lease or otherwise, or incurred any expenditure, liability ,fide. or obligation otherwise than in the normal course of events, with a view to benefit unduly the owner or some other person or persons and thereby caused loss to the Board as succeeding owner of the property, the Board shall be entitled to deduct from the amount payable to the owner under this Act an amount which the Board considers to be the loss sustained by the Board: Provided that before making such deduction, the owner shall be given a notice to show cause against such deduction within a period of fifteen days from the date of receipt of such notice. 11 The Barakar Electric Supply Installations Acquisition Act, 1981. [West Ben. Act (Section. 7.) Deduction from the gross amount.