Assessee Ram Kishan, Delhi ITO, Ward-60(5), New Delhi

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Last updated: 04 December 2020
Quick Summary
This Income Tax Appellate Tribunal case involves Ram Kishan appealing against the confirmation of an addition of over £12 million made by the Assessing Officer. The core issue is whether the interest received on enhanced compensation, amounting to £24,207,223, under Section 28 of the Land Acquisition Act is taxable. The assessee argued it was exempt based on Supreme Court rulings, while the Assessing Officer and CIT(A) disagreed, leading to this appeal.

Court :
ITAT New Delhi

Brief :
This appeal is filed by the assessee against the order of the ld CIT(A)-37, New Delhi dated 26.07.2017 for the Assessment Year 2014-15.

Citation :
ITA No. 5391/Del/2017

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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