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2013 (2) TMI 398 - PUNJAB AND HARYANA HIGH COURTEnhanced Compensation – Interest on enhanced compensation - Waiver of Interest under Income Tax Act - Land was acquired by the State Government on 12.10.1979 - Compensation was enhanced by Court dated 7.10.1988 - Enhanced compensation received during the period from July to November 1989 in two installments relating to A.Ys 1982-83 to 1988-89 – Held that:- The petitioner received the enhanced compensation during the period from July to November 1989 in two installments relating to A.Ys. 1982-83 to 1988-89. The rejection of the petition on the ground that the assessee had the order of the High Court available with him on 4.11.1988 and so the interest could be waived upto 30.11.1988, would not be correct. It was not disputed that the enhanced compensation and the interest was received between July to November 1989 and the assessee did not know before that the amount which was to be depicted in the income tax return for purposes of tax. The assessee was, thus, entitled for waiver of interest till the date of receipt of enhanced compensation All the four petitions are partly allowed and it is held that the Commissioner was not right in holding that there was no proper justification for delay after 30.11.1988 in filing return for the assessment years in question. Remand back to AO
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