Satender Kumar vs Income Tax Officer, Ward-28(1), New Delhi-110001
Case No: ITA No. 229/Del/2026
Court: Income Tax Appellate Tribunal, Delhi Bench 'SMC', New Delhi
Bench: Delhi Bench
Date: 2/10/2026
Parties Involved
appellantSatender Kumar
respondentIncome Tax Officer, Ward-28(1), New Delhi-110001
Facts Summary
The assessee received interest of Rs. 3,97,56,460/- on enhanced compensation from HUDA after the compulsory acquisition of his agricultural land. The assessee claimed the said interest as exempt under Section 10(37) of the Income Tax Act, 1961. The Assessing Officer accepted the explanation of the assessee and passed the assessment order without making any addition. The Principal Commissioner of Income Tax (PCIT) revised the assessment order on the basis of an audit objection, holding that the i…
Decision in favour of
Assessee
Legal Issues
- 1. Correctness of assessing the interest component of land acquisition compensation under Section 28 of the Land Acquisition Act, 1894.
Precedents Relied Upon
14 precedents cited in this judgement.