JAGPAL SINGH,CHANDIGARH vs. INCOME TAX OFFICER, WARD 5(5), CHANDIGARH, CHANDIGARH
ITA 1184/CHANDI/2024[2018-19]Status: DisposedITAT Chandigarh11 Nov 2025AY 2018-19
For Appellant: \nShri Suraj Bhan Nain, AdvocateFor Respondent: \nShri Manav Bansal, CIT, DR
120 taxmann.co\nm 400 has held as under :\n7. Before dealing with the contentions, relevant portion of the circular is quoted\nbelow:\n'46. Rationalizing the provisions of taxation of interest received on delayed\ncompensation or on enhanced compensation.\n46.1 The existing provisions of Income-tax Act provide that income chargeable under\nthe head \"Profits and gains of business