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“Section 155(16)”

Section References (mined)Section 155Section 155(16)64 judgments

SURESH KUMAR,YAMUNANAGAR vs. ITO, W-4, YAMUNANAGAR

In the result, appeal of the assessee is allowed

ITA 390/CHANDI/2023[215-16]Status: DisposedITAT Chandigarh20 Jan 2026

Bench: Shri Rajpal Yadav & Shri Krinwant Sahay

For Appellant: Shri Ajay Jain,CAFor Respondent: Shri Vivek Vardhan, Addl. CIT Sr.DR
Section 143(3)Section 147Section 151Section 28Section 56

authority to be the full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (w.e.f. 1.4.2004) section 155(16) by the Finance Act, 2003 (32 of 2003), have been enacted. 35. It was urged on behalf of the assessee that Section ... income" and taxed on receipt basis. Our above understanding is supported by insertion of clause (c) in Section 45(5) w.e.f. 1.4.04 and Section 155(16) which refers to a situation of a subsequent reduction by the Court, Tribunal or other authority and recomputation/amendment of the assessment order. Section

KANTABEN VAJUBHAI PAGHADAL,RAJKOT, GUJARAT vs. ITO WD 1(2)(1), RAJKOT, RAJKOT

In the result, appeal filed by the assessee is allowed

ITA 552/RJT/2025[2016-17]Status: DisposedITAT Rajkot28 Nov 2025AY 2016-17

Bench: Dr. Arjun Lal Sainiआयकरअपीलसं./Ita No.552/Rjt/2025 "नधा"रणवष" / Assessment Year: (2016-17) (Hybrid Hearing) Kantaben Vajubhai Paghadal Vs. It-Office, New Aayakar At- Charan Samadhiyala, Bhawan, Jetpur – 360370(Gujarat) Rajkot - 360370 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Cxmpp2962D (Appellant) (Respondent)

For Appellant: Shri Sagar Shah, Ld. ARFor Respondent: Shri Abhimanyu Singh Yadav, Ld. Sr. DR
Section 10(37)Section 143(3)Section 145BSection 250Section 56

different stages, the receipt of such enhanced compensation/consideration is to be taxed in the year of receipt subject to adjustment, if any, under Section 155(16) of the 1961 Act, later on. Hence, the year in which enhanced compensation is received is the year of taxability. Consequently, even in cases ... same is liable to be taxed under Section 45(5) of the 1961 Act. This is the scheme of Section 45(5) and Section 155(16) of the 1961 Act. We may clarify that even before the insertion of Section 45(5)(c) and Section 155(16) w.e.f

RANJIT SINGH,PANCHKULA vs. DEPUTY DIRECTOR, CPC DEPARTMENT

ITA 992/CHANDI/2025[2023-24]Status: DisposedITAT Chandigarh11 Nov 2025AY 2023-24

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

For Appellant: Shri Suraj Bhan Nain, AdvocateFor Respondent: Shri Manav Bansal, CIT, DR

full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act, 2003 (32 of 2003), have been enacted. 35. It was urged on behalf of the assessee that section ... receipt basis. Our above understanding is supported by insertion of clause (c) in section 45(5) with effect from 1-4-2004 and section 155(16) which refers to a situation of a subsequent reduction by the Court, Tribunal or other authority and recomputation/amendment of the assessment order. Section

LABH SINGH,PANCHKULA vs. INCOME TAX OFFICER, WARD NO 2,, PANCHKULA

ITA 725/CHANDI/2025[2015-16]Status: DisposedITAT Chandigarh11 Nov 2025AY 2015-16
For Appellant: \nShri Suraj Bhan Nain, AdvocateFor Respondent: \nShri Manav Bansal, CIT, DR

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

BHUPINDER SINGH,AMBALA vs. INCOME TAX OFFICER, W-1, AMBALA, AMBALA

ITA 528/CHANDI/2025[2014-15]Status: DisposedITAT Chandigarh11 Nov 2025AY 2014-15
For Respondent: \nShri Suraj Bhan Nain, Advocate

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... stages,\nthe receipt of such enhanced compensation/ consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

SH. HAKAM SINGH,PATIALA vs. INCOME TAX OFFICER, WARD-4, PATIALA

ITA 486/CHANDI/2025[2020-21]Status: DisposedITAT Chandigarh11 Nov 2025AY 2020-21

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... stages,\nthe receipt of such enhanced compensation/ consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

BALBIR SINGH,SIRSA, HARYANA vs. ITO, WARD-1, SIRSA, SIRSA, HARYANA

ITA 483/CHANDI/2025[2018-19]Status: DisposedITAT Chandigarh11 Nov 2025AY 2018-19
For Respondent: \nShri Suraj Bhan Nain, Advocate

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

BISHAN CHAND,CHANDIGARH vs. INCOME TAX OFFICER, WARD 5 (5), CHANDIGARH, CHANDIGARH

ITA 458/CHANDI/2025[2018-19]Status: DisposedITAT Chandigarh11 Nov 2025AY 2018-19
For Respondent: \nShri Suraj Bhan Nain, Advocate

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

SAT PAL,CHANDIGARH vs. INCOME TAX OFFICER, WARD 5(5), , CHANDIGARH

ITA 243/CHANDI/2025[2018-19]Status: DisposedITAT Chandigarh11 Nov 2025AY 2018-19

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

NARENDER KAUR,KURUKSHETRA, HARYANA vs. INCOME TAX OFFICER WARD-1 , KURUKSHETRA

ITA 165/CHANDI/2025[2018-19]Status: DisposedITAT Chandigarh11 Nov 2025AY 2018-19
For Respondent: \nShri Suraj Bhan Nain, Advocate

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

BALVINDER SINGH,FATEHABAD vs. ITO WARD-1, FATEHABAD

ITA 153/CHANDI/2025[2013-14]Status: DisposedITAT Chandigarh11 Nov 2025AY 2013-14

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

GURDEEP SINGH HUF,CHANDIGARH vs. ITO, WARD 5(5), CHANDIGARH

ITA 1153/CHANDI/2025[2020-21]Status: DisposedITAT Chandigarh11 Nov 2025AY 2020-21

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

JARNAIL SINGH,VILLAGE BHAGWANPUR, KALKA vs. ITO, WARD-2, PANCHKULA

ITA 1025/CHANDI/2025[2015-16]Status: DisposedITAT Chandigarh11 Nov 2025AY 2015-16

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... stages,\nthe receipt of such enhanced compensation/ consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

BALJEET KAUR,NADI MOHALLA AMBALA CITY vs. ITO WARD 1, AMBALA, AMBALA

ITA 92/CHANDI/2024[2014-15]Status: DisposedITAT Chandigarh11 Nov 2025AY 2014-15

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

ARJESH KUMAR,PATIALA vs. ITO NATIONAL E-ASSESSMENT CENTRE , DELHI

ITA 876/CHANDI/2024[2018-19]Status: DisposedITAT Chandigarh11 Nov 2025AY 2018-19
For Appellant: Shri Suraj Bhan Nain, AdvocateFor Respondent: Shri Manav Bansal, CIT, DR

full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act, 2003 (32 of 2003), have been enacted. 35. It was urged on behalf of the assessee that section ... receipt basis. Our above understanding is supported by insertion of clause (c) in section 45(5) with effect from 1-4-2004 and section 155(16) which refers to a situation of a subsequent reduction by the Court, Tribunal or other authority and recomputation/amendment of the assessment order. Section

KAKA SINGH ALIAS GULJAR SINGH,PATIALA vs. INCOME TAX OFFICER , PATIALA

ITA 663/CHANDI/2024[2020-21]Status: DisposedITAT Chandigarh11 Nov 2025AY 2020-21
For Respondent: \nShri Suraj Bhan Nain, Advocate

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

ANJU,MOHALI vs. INCOME TAX OFFICER WARD 6 (1) , MOHALI

ITA 563/CHANDI/2024[2015-16]Status: DisposedITAT Chandigarh11 Nov 2025AY 2015-16
For Appellant: \nShri Suraj Bhan Nain, AdvocateFor Respondent: \nShri Manav Bansal, CIT, DR

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

INCOME TAX OFFICER, FATEHABAD vs. MAHESH NAGPAL, FATEHABAD

ITA 531/CHANDI/2024[2018-19]Status: DisposedITAT Chandigarh11 Nov 2025AY 2018-19

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

For Appellant: Shri Suraj Bhan Nain, AdvocateFor Respondent: Shri Manav Bansal, CIT, DR

full value of the consideration. For giving effect to such recomputation, the provisions of the newly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act, 2003 (32 of 2003), have been enacted. 35. It was urged on behalf of the assessee that section ... receipt basis. Our above understanding is supported by insertion of clause (c) in section 45(5) with effect from 1-4-2004 and section 155(16) which refers to a situation of a subsequent reduction by the Court, Tribunal or other authority and recomputation/amendment of the assessment order. Section

RAMKARAN ,PANCHKULA vs. NFAC, DELHI

Accordingly, finding no merit in the appeals, the same are hereby\ndismissed

ITA 503/CHANDI/2024[2015-16]Status: DisposedITAT Chandigarh11 Nov 2025AY 2015-16
For Respondent: \nShri Suraj Bhan Nain, Advocate

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

SARVAN SINGH,AMBALA vs. INCOME TAX OFFICER-WARD 4, AMBALA

ITA 458/CHANDI/2024[2018-19]Status: DisposedITAT Chandigarh11 Nov 2025AY 2018-19

full value of the\nconsideration. For giving effect to such recomputation, the provisions of the\nnewly inserted (with effect from 1-4-2004) section 155(16) by the Finance Act,\n2003 (32 of 2003), have been enacted.\n35. It was urged on behalf of the assessee that section ... different stages,\nthe receipt of such enhanced compensation/consideration is to be taxed in\nthe year of receipt subject to adjustment, if any, under section 155(16) of the\n1961 Act, later on. Hence, the year in which enhanced compensation is\nreceived is the year of taxability. Consequently, even in cases

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