9911796707
TMI Blog2024 (7) TMI 1488X X X X Extracts X X X X X X X X Extracts X X X X ..... BHARAT, JM: This appeal, by the assessee, is directed against the order of the National Faceless Appeal Centre (NFAC), Delhi, pertaining to the assessment year 2019-20. The assessee has raised following grounds of appeal: "1. That having regard to the facts and circumstances of the case and in law, the Ld. Commissioner of Income Tax (Appeals) has erred in dismissing the appeal on the ground th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Other Sources" u/s 56 of the Income-tax Act on account of interest u/s 28 of the Land Acquisition Act 1894 of Rs. 2,76,71,650/- received by the appellant during the year, which was part of enhanced compensation for compulsory acquisition of his agricultural land exempt u/s 10(37) of the Income Tax Act 1961. 3. Without prejudice to the Ground No. 2 and without accepting even if it is assumed tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rn declaring income from house property at Rs. 83,320/-; income from other sources at Rs. 10,15,361; and exempt income on account of acquisition of agricultural land at Rs. 2,76,71,650/-. The case of the assessee was selected for complete scrutiny. Vide order dated 26.09.2021, the AO completed the assessment u/s 143(3) read with section 144B of the Income-tax Act, 1961 (the "Act") at an income of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appeal. He submitted that in the present case the assessment order was passed during corona pandemic on 26.09.2021 and the appeal before the First Appellate Authority was filed on 28.04.2022 and the period is also covered within the extended period. He, therefore, submitted that in view of the aforesaid decision of the Hon'ble Supreme Court there was no delay in filing the appeal before the First ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e present case and to sub serve the principles of natural justice, we are constrained to set aside the order of learned CIT(Appeals) and restore the matter to the file of learned CIT(A) for decision afresh on merits after affording adequate opportunity of being heard. Grounds are allowed for statistical purposes. 6. Appeal of the assessee is allowed for statistical purposes. Order pronounced in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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