2017 (6) TMI 1275

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ed by the CIT(A) on 15.09.2016 in relation to Assessment Year 2013-14. 2. The only issue raised in this appeal is against the treating the net interest of Rs. 23,46,181/-, 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

..... ation shall be deemed to the income 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 tr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X