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2012 (10) TMI 477 - HC - Income TaxInterest granted to the land owner on enhanced amount of compensation - Calculated on year to year basis or in the year in which the amount is actually credited to the landowner - Held that:- As decided in CIT, Faridabad Versus Ghanshyam (HUF) [2009 (7) TMI 12 - SUPREME COURT] interest is different from compensation as interest paid on the excess amount under Section 28 depends upon a claim by the person whose land is acquired whereas interest under Section 34 is for the delay in making payment. As the amount in question is to be treated as part of compensation itself and is not to be treated as interest. Therefore, the question of law framed above does not survive any more.
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