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2021 (2) TMI 883 - AT - Income TaxCharacterization of income - interest received u/s 28 of the land acquisition Act, 1894 on the compulsory acquisition of agricultural land - exemption u/s 10(37) of the IT Act or income from other sources u/s 56 - CIT(A) held that the interest received is in the nature of compensation and exempt u/s 10(37) - HELD THAT:- CIT(A) has decided the issue involved in this appeal in favour of the assessee by following the ratio laid down by the Hon’ble Supreme Court in the case of CIT vs. Ghanshyam 'HUF' [2009 (7) TMI 12 - SUPREME COURT] and SOM NATH [2018 (7) TMI 2051 - ITAT CHANDIGARH] and and in a group case of Surinder Kumar [2018 (10) TMI 1754 - ITAT CHANDIGARH] - no reason to interfere with the findings of the Ld. CIT (A) - Decided against revenue.
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