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Section 283 Section 145A3 Section 56(2)(viii)2

RAM LAXMANRAO MITKARI,LATUR vs. INCOME-TAX OFFICER, WARD -3, LATUR

In the result, the appeal is partly allowed for statistical purposes

ITA 574/PUN/2020[2013-14]Status: DisposedITAT Pune23 Nov 2022AY 2013-14

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripote

For Appellant: Shri Bharat ShahFor Respondent: Shri M.G. Jasnani

Section 143(3)Section 145ASection 28Section 56(2)(viii)

145B(1) provides that: “Notwithstanding anything to the contrary contained in section 145, the interest received by an assessee on any compensation or on enhanced compensation, as the case may be, shall be deemed to be the income of the previous year in which it is received”. Thus it is palpable that post the decision in Ghanshyam (supra), a statutory