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2018 (3) TMI 471 - ITAT LUCKNOWInterest on enhanced compensation u/s 28 of the Land Acquisition Act - provisions of section 56(2)(viii) applicability - Held that:- Hon'ble Himanchal Pradesh High Court in the case of CIT vs. Keshwa Devi [2011 (8) TMI 679 - HIMACHAL PRADESH HIGH COURT] which after relying upon the judgment of Hon'ble Supreme Court in the case of Ghanshyam, HUF (2009 (7) TMI 12 - SUPREME COURT) has held that interest received u/s 28 of the Land Acquisition Act on enhanced compensation is not interest u/s 34 but is in the nature of compensation and therefore, was not taxable as interest. - Decided against revenue
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