KARAM VIR YADAV,GURGAON vs. ASSESSING OFFICER, NFAC
In the result, the appeal filed by the assessee is allowed
ITA 2605/DEL/2024[2020-21]Status: DisposedITAT Delhi09 Jul 2025AY 2020-21
Bench: Shri S. Rifaur Rahman & Shri Anubhav Sharmakaramvir Yadav, Vs. Assessing Officer, 1135, Sector 46, Nfac, Delhi. Gurgaon – 122 001 (Haryana). (Pan : Abipy5863E) (Appellant) (Respondent) Assessee By : Shri Ranjan Chopra, Ca Revenue By : Shri Kailash Dan Ratnoo, Cit Dr Date Of Hearing : 30.04.2025 Date Of Order : 09.07.2025 O R D E R Per S.Rifaur Rahman: 1. This Appeal Is Filed By The Assessee Against The Order Of Ld. Commissioner Of Income-Tax (Appeals)/National Faceless Appeal Centre (Nfac), Delhi [Hereinafter Referred To As ‘Ld. Cit (A)] Dated 29.03.2024 For Assessment Year 2020-21 Raising Following Grounds Of Appeal :- “1. That Having Regard To The Facts & Circumstances Of The Case & In Law, The Order Under Section 263 Of The Income-Tax Assessee Company, 1961. 2. That Having Regard To The Facts & Circumstances Of The Case & In Law, The Learned Pr. Cit Erred In Passing Order U/S 263 Of The Act, So Much So That, The Assessment Order Passed By The Assessing Officer Do Not Satisfy The Statutory Twin Conditions Prescribed Under Section 263 Of The Act, Viz., (I) That The Assessment
For Appellant: Shri Ranjan Chopra, CAFor Respondent: Shri Kailash Dan Ratnoo, CIT DR
Section 143(3)Section 263Section 28
1 and 2, both are part of land compensation as per Land Acquisition Act,
1894. 3. In this Act, Section 28 is clearly mentions how to determining the interest on Land Acquisition Compensation amount and also mentions rate of interest and way of calculation of interest.
4. Sir, during the year, I had received Rs.2,91,34,541/- enhanced
