Sandeep Kumar vs. Income Tax Officer, Ward 4(1)

Parties Involved

Facts Summary

This appeal by the assessee, Sandeep Kumar, is directed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, dated 28.08.2024, for the assessment year 2019-20. The assessee has assailed the impugned order on two counts: (i) the validity of the notice issued under section 148 of the Income Tax Act, and (ii) the merits of the addition of interest received on enhanced compensation consequent to the acquisition of land under the Land Acquisition Act. The Assessing Officer made an addition of Rs. 39,11,205/-, which is 50% of the interest received under section 28 of the Land Acquisition Act, 1894. The assessee argues that his case is covered by the decisions in CIT vs. Ghanshyam HUF and Union of India vs. Hari Singh.…

Legal Issues

• 1. Validity of the notice issued under section 148 of the Income Tax Act
• 2. Taxability of interest received on enhanced compensation under the Land Acquisition Act

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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