Late Sh.Som Nath through his wife Smt. Kavitha (AY: 2018-19)
Case No: ITA No.4069/Del/2024
Court: INCOME TAX APPELLATE TRIBUNAL, 'SMC' BENCH, DELHI
Date: 2/24/2025
Parties Involved
appellantLate Sh. Som Nath through his wife Smt. Kavitha
respondentIncome Tax Officer, Ward-1, Income Tax Office, Panipat
Facts Summary
The instant appeal filed by the assessee, Late Sh. Som Nath through his wife Smt. Kavitha, is directed against the order dated 16.07.2024 passed by the National Faceless Appeal Centre (NFAC), Delhi. This order arose out of the order passed by the ITO, Ward 1 Panipat under Section 143(3) of the Income Tax Act, whereby an addition to the tune of Rs. 43,56,285/- on account of interest under Section 28 of the Land Acquisition Act on delayed payment of enhanced compensation has been upheld.…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the addition of Rs. 43,56,285/- on account of interest under Section 28 of the Land Acquisition Act on delayed payment of enhanced compensation is valid.
Precedents Relied Upon
3 precedents cited in this judgement.