Sh. Mahender vs. Income Tax Officer, Ward-1, Hisar
Case No: ITA No.8139/Del/2025
Court: Income Tax Appellate Tribunal, Delhi Bench
Date: 1/19/2026
Parties Involved
appellantSh. Mahender
respondentIncome Tax Officer, Ward-1, Hisar
Facts Summary
The case pertains to the assessment year 2020-21, involving the correctness of the assessing authority's action in assessing the interest component of land acquisition compensation under section 28 of the Land Acquisition Act, 1894, while invoking sections 57(iv), 56(1)(a), and 145A(b) of the Income-tax Act, 1961. The assessee received interest of Rs. 3,97,56,460/- on enhanced compensation from HUDA after the compulsory acquisition of his agricultural land, on which TDS amounting to Rs. 39,75,64…
Decision in favour of
Assessee
Legal Issues
- 1. Correctness of assessing the interest component of land acquisition compensation as income from 'other sources'.
Precedents Relied Upon
5 precedents cited in this judgement.