Case Law Details
Case Name : ITO Vs Chawli Devi (ITAT Chandigarh)
Appeal Number : ITA. No. 3 & 64/Chd/2020
Date of Judgement/Order : 17/05/2021
Related Assessment Year : 2011-12
Courts :
All ITAT ITAT Chandigarh
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
ITO Vs Chawli Devi (ITAT Chandigarh)
Interest received by assessee on compulsary acquisition of of its land u/s 28 of Land Acquisition Act is in the nature of compensation and not interest which is taxable under the head of income from other sources u/s 56.
FULL TEXT OF THE JUDGMENT/ORDER OF CHHATTISGARH HIGH COURT
These two appeals by the Department are directed against the separate orders dated 30/10/2019 and 31/10/2019 of Ld. CIT(A), Panchkula.
2. Since these appeals belonging to the same assessee and heard together, therefore, for the sake of convenience and brevity, these are disposed off by this common order.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.