ROOP KUMAR BANSAL,GURGAON vs. PR,CIT (CENTRAL), GURGAON
In the result, ITA.No.383/Del
ITA 386/DEL/2021[2017-18]Status: DisposedITAT Delhi31 May 2021AY 2017-18
Bench: Shri Bhavnesh Saini & Shri O.P.Kant
For Appellant: And Shri Lalit Mohan, C.AFor Respondent: Shri Satpal Gulati, CIT-DR
Section 132Section 139(1)Section 142(1)Section 143(2)Section 143(3)Section 153B(1)(b)Section 263
matter. Issue No.4 is decided in favour of the assessee.
ISSUE No.5 – Whether compensation received by assessee is taxable as income under section 2(24)(i)(vi) and (iv) of the Income Tax Act, 1961 OR under section 2(28A) of the Income Tax Act, 1961 ?
16. The Learned PCIT ... show cause notice has referred to Section 2(24)(i)(vi) of the Income Tax Act to
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ITA.Nos.383, 384, 385 & 386/Del./2021 Smt. Abha Bansal,
Sh Pankaj Bansal, Sh Basant Bansal And Sh Roop Kumar Bansal, Gurgaon.
propose that compensation is taxable as revenue/income and ultimately taken