HARBANS SINGH,P.O. KHERA DONA vs. INCOME TAX OFFICER, BSNL EXCHANGE COLONY
In the result, the appeal filed by the assessee is dismissed being devoid of merits
ITA 236/ASR/2024[2017-18]Status: DisposedITAT Amritsar26 Sept 2025AY 2017-18
Bench: Dr. M. L. Meena & Sh. Udayan Dasgupta
For Appellant: Sh. Rajnish Mohindra, Adv
Section 10Section 10(37)Section 143(1)Section 250Section 56(2)(viii)Section 57
56(2)(viii) and has judiciously allowed the deduction of a sum equal
to fifty percentage of such income , allowable u/s 57(iv) of the Act 61 and the addition
was restricted to Rs. 16.44 lakhs.
7. Now, the assessee is in appeal before the Tribunal with the claim that the interest
portion received on compensation is to be treated
