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2014 (1) TMI 1320 - AT - Income TaxFailure to furnish details of interest on enhanced and delayed payment of compensation Held that:- The decision in Commissioner of Income-tax, Faridabad Versus Ghanshyam (HUF) [2009 (7) TMI 12 - SUPREME COURT ] followed - Interest is different from compensation - Interest received u/s 28 of Land Acquisition Act is to be treated as part of the compensation and therefore, is exempt - interest u/s 34 is towards delay in payment and therefore, the same is to be taxed - the ld. CIT(A) has adjudicated the issue and remitted the matter to the file of Assessing Officer only for verification of the components of interest u/s 28 & 34 thus , no interference is required in the order of the CIT(A) matter remitted back to the AO for verification Decided in favour of Revenue.
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