Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2012 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (12) TMI 218 - HC - Income TaxAcquisition of Land - Enhanced Compensation - Interest accrued on additional compensation - held that :- Assessee became entitled to the enhanced compensation and interest pursuant to the award dated 26th February, 1990 passed by the Additional District Judge, Varanasi which award has been stayed by this Court vide order dated 24th September, 1990 in appeal preferred by the Collector, Varanasi - Staying the operation of the award would mean that the assessee became entitled to nothing till the matter is finally decided by this Court - interest income could not be taxed during the assessment years in question - order of the Tribunal does not suffer from any legal infirmity - appeal fails and is dismissed.
|