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2021 (5) TMI 730 - AT - Income TaxChargeability of the interest on compensation or enhanced compensation - compulsory acquisition of agricultural land - Exemption under section 10(37) or Income from Other Sources' under section 56 - Whether CIT (Appeals) is right in law in holding that the interest received by the Assessee under section 28 of the Land Acquisition Act, 1894 during the impugned year on the compulsory acquisition of agricultural land is in the nature of compensation and exempt under section 10(37) and is not chargeable to tax under the head Income from Other Sources' under section 56 of the Income Tax Act, 1961?- HELD THAT:- As noticed that a similar issue having identical facts has already been decided in the case of ITO vs. Shri Lakshmi Chander Gupta (HUF) [2021 (2) TMI 883 - ITAT CHANDIGARH] no valid ground to interfere with the findings given by the Ld. CIT(A). Appeals of the department are dismissed.
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