Demanding tax on interest awarded under Land Acquisition Act by invoking jurisdiction u/s 263 unsustainable

Ashwani Kumar Vs CIT (ITAT Delhi)

ITAT Delhi held that the interest awarded under Land Acquisition Act is not taxable, accordingly, tax on the same cannot be demanded by way of invoking jurisdiction u/s 263 of the Income Tax Act.

Facts- The assessee is an agriculturist and assessee’s land has been acquired by the Govt of Haryana under the Provisions of Land Acquisition Act.

The assessee filed her return of income for the year under con

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