SH. ARVAIL SINGH,SIRSA vs. PCIT, ROHTAK
In the result, all the above appeals filed by the respective assessee’s are dismissed
ITA 286/CHANDI/2023[2018-19]Status: DisposedITAT Chandigarh24 Feb 2026AY 2018-19
Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)
Section 143(3)Section 263
section 2 of section 56, clause(iv) in section 57 and clause (b) in Section 145A w.e.f. 01.04.2010. From the assessment year 2010-11
onwards, the amount of compensation or enhanced compensation is taxable as "income from other sources"
after allowing deduction of a sum equal to 50% of such income in the year of receipt The Hon'ble Apex