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1 - 4 of 4 (0.20 seconds)Commissioner Of Income Tax And Ors. vs N. Ramanatha Reddiar (Huf) And Ors. on 26 September, 1996
which was made by the AO on alc of interest received by the
assessee on enhanced compensation which is taxable in the year of
receipt. As per rationale laid down by the Hon'ble Apex Court in the
judgment of CIT vs Ghanshyam HUF (315 ITR 1), the interest on
enhanced compensation falls under section 28 of LA Act and is
taxable in the year of receipt."
Goetze (India) Ltd. vs Cit on 24 March, 2006
3. On the facts and circumstances of the case, Ld. CIT(A) has erred on
facts and in law in allowing the deduction u/s. 54B first time in
appeal which was not claimed by the assessee in assessment. As
rational laid down by the Hon'ble Supreme Court in the case of
Goetze India Ltd. vs. CIT 284 ITR 323 the claim of deduction u/s.
54B, which is made by the assessee first time in appeal, without
filing any revised return before the AO, is not admissible at all.
Section 34 in The Land Acquisition Act, 1894 [Entire Act]
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