2017 (6) TMI 1277

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sed by the CIT(A) on 08.08.2016 in relation to Assessment Year 2013-14. 2. The only issue raised in this appeal is against the treating the net interest of Rs. 10,03,335/-, being the amount of interest u/s 28 of the Land Acquisition Act, 1894 as chargeable to tax u/s 56 of the Income-tax Act, 1961 (hereinafter also called 'the Act') 3. Briefly stated, the facts of the case are that the assessee .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of the year in which it is received. The learned CIT(A) has rightly set out and relied on the of Hon'ble Punjab and Haryana High Court judgment in the case of Manjeet Singh (HUF) vs. UOI (CWP No. 15506 of 2013) dated 14.1.2014, being the jurisdictional High Court. In view of foregoing discussion, I am of the considered opinion that the ld. CIT(A) was right in treating the amount as chargeable to t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X