Case Law Details
Case Name : Commissioner of Income-tax Vs Oriental Insurance Co. Ltd. (Allahabad High court)
Related Assessment Year :
Courts :
All High Courts Allahabad High Court
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HIGH COURT OF ALLAHABAD
Commissioner of Income-tax
Versus
Oriental Insurance Co. Ltd.
IT Appeal Nos. 441 of 2006 & 398 of 2009
IT Appeal Defective Nos. 279, 281, 284 & 285 of 2006
September 13, 2012
ORDER
Aditya Nath Mittal, J.
These Income Tax Appeals have been admitted on the following substantial questions of law:-
“1. Whether on the facts and circumstances of the case, the Tribunal is legally correct in allowing relief to the tax deductor by cancelling the TDS liability imposed by the ITO (TDS) on the amount of interest paid on delayed payment of compensati...
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I want to know the tax liabilty in case of compensation(enhanced by the Session Court) received in reference of compulsory acquired by the state government,
my queries are
1. whether the above amount revenue receipt or capital receipt
2. which amount capital receipt or revanue receipt under 28 and 34 of Land Act
3.in what stage the compensation called capital receipts
From
Mukesh Antil Advocate