HARYANA BUILDING AND OTHER CONSTRUCTION WORKERS WELFARE BOARD,PANCHKULA vs. CIT(EXEMPTION), CHANDIGARH

In the result, this appeal of the Assessee stands dismissed

11 and section 12 in the assessment dated 27.09.2017 after\nconsidering the material placed on record. Where an assessing officer, after\nenquiry, takes a view which is tenable on the material, such a view cannot be re-\ncharacterised as “erroneous” merely because the Learned CIT prefers an alternate\nconclusion.\n\n3.1.6 In the present case, the Learned CIT, Exemptions

HARYANA BUILDING AND OTHER CONSTRUCTION WORKERS WELFARE BOARD,PANCHKULA vs. DCIT, EXEMPTION, CHANDIGARH

In the result, this appeal of the Assessee stands dismissed

11 and section 12 in the assessment dated 27.09.2017 after\nconsidering the material placed on record. Where an assessing officer, after\nenquiry, takes a view which is tenable on the material, such a view cannot be re-\ncharacterised as \"erroneous\" merely because the Learned CIT prefers an alternate\nconclusion.\n\n3.1.6 In the present case, the Learned CIT, Exemptions

M/S YOGRAJ CHAUDHARY,YAMUNA NAGAR vs. ITO, WARD-5, YAMUNA NAGAR

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

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

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

SUSHMA,HARYANA vs. ITO, WARD - 4, YAMUNA NAGAR, YAMUNA NAGAR

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

JAGPAL SINGH,CHANDIGARH vs. INCOME TAX OFFICER, WARD 5(5), CHANDIGARH, CHANDIGARH

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

SH. KULBIR SINGH S/O SH. JAGIR SINGH,PINJORE vs. ITO, WARD 2, PANCHKULA

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

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

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

AMRINDER SINGH KHUBBER,AMBALA vs. ITO, W-5, AMBALA

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

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

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

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

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

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

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

SH. AMRIK SINGH,PANCHKULA vs. ITO, WARD-2, PANCHKULA

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

INCOME TAX OFFICER, AMBALA vs. NACHHATAR SINGH, AMBALA CANTT

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

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

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

AVTAR SINGH,VILLAGE MANAKPUR THAKUR DASS vs. ITO WARD-1, INCOME TAX OFFICE

section 56(2) by inserting clause (viii) to\nspecifically deal with taxability of interest on compensation or enhanced\ncompensation. The Id. AR submitted that the CBDT also issued a clarificatory\nCircular explaining the intent and scope of these amendments. In this\nconnection, our attention was drawn to paragraph 11 of the judgment of the\nHon'ble Gujarat High Court

SH. AMARDEEP SINGH ATHWAL,YAMUNANAGAR vs. ITO, WARD-1, YAMUNANAGAR

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

2)(viii) provides a specific statutory mandate to treat interest received on compensation or enhanced compensation as taxable in the year of receipt under the head income from other sources. The Ld. CIT(A) emphasized that interest under section 28 and interest under section 34 were distinct in nature, and the AO had already reproduced judicial interpretation explaining that interest

INCOME TAX OFFICER, FATEHABAD vs. MAHESH NAGPAL, FATEHABAD

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

2)(viii) provides a specific statutory mandate to treat interest received on compensation or enhanced compensation as taxable in the year of receipt under the head income from other sources. The Ld. CIT(A) emphasized that interest under section 28 and interest under section 34 were distinct in nature, and the AO had already reproduced judicial interpretation explaining that interest