Tag: Land Acquisition

NFAC order should be a speaking one, with adjudication on assessee’s submissions  and applicability of laws therein – ITAT  In a recent judgment, ITAT has laid down that order of NFAC should be a speaking one, with adjudication on assessee’s submissions  and applicability of laws therein. The thought …

Taxability of interest received u/s 28 of Land Acquisition Act 1894. ITAT quashed CIT order believing that division bench order of the Supreme Court was not good law   ABCAUS Case Law Citation: ABCAUS 2748 (2019) (01) ITAT Important Case Laws Cited/relied upon: Ghanshyam, HUF reported at 315 …

Interest on enhanced compensation for Land Acquisition taxable on accrual basis as per law laid down by Hon’ble Supreme Court ABCAUS Case Law Citation: ABCAUS 2512 (2018) 09 ITAT Important Case Laws Cited/relied upon by the parties: M/s Rama Bai vs CIT By the instant appeal was filed …