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2010 (10) TMI 861 - HC - Income TaxInterest on enhanced compensation - assessee is the father of the children who are owners of the land, inherited by them from their maternal grandfather. Enhanced compensation and interest thereon were received on acquisition of the said land. The income received by way of interest was assessed as capital gain in the hands of the father of the minor children under s. 64(1A) of the Act - Held that:- Assessee has neither been able to show how judgment of the Hon'ble Supreme Court in Ghanshyam's case) (2009 (7) TMI 12 - SUPREME COURT) can be distinguished nor he has been able to give any reason for excluding the applicability of s. 64(1A). In these circumstances, view taken by the Tribunal cannot be sustained. Accordingly, the questions raised by the Revenue are answered in its favour, appeal is allowed.
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