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2020 (2) TMI 716 - AT - Income TaxInterest received u/s 28 of the Land Acquisition Act - Income from other sources - HELD THAT:- We find that the CIT(A) has elaborately discussed the issue of interest received u/s 28 of the Land Acquisition Act to be brought to tax in terms of section 56(2)(viii) of the Income-tax Act, 1961, in paras 8 to 12. The CIT(A) relying on the judgment of Hon’ble Supreme Court in the case of Bikram Singh Vs. Land Acquisition Collector [1996 (9) TMI 6 - SUPREME COURT] has upheld the order of AO. Considering the settled nature of the issue, we are of the opinion that the CIT(A) has rightly dismissed the appeal of assessee and does not call for interference from our side. Accordingly, the grounds raised by assessee are dismissed.
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