Land acquisition compensation exemption and TDS credit claim failed where supporting records were not produced.

Compensation received for compulsory acquisition of land was claimed as exempt under section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, with corresponding TDS credit sought through rectification of the intimation under section 143(1). The claim was not accepted because the assessee did not produce the return of income, Form 26AS, or acquisition documents despite repeated ities before the appellate authorities, so the exemption and credit could not be verified on record. In these circumstances, the refusal to rectify was not disturbed and the order under section 154 was sustained.

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Issues: Whether the assessee was entitled to rectification of the intimation under section 143(1) of the Income-tax Act, 1961 to treat compensation received on compulsory acquisition of land as exempt and to allow corresponding TDS credit, and whether the order under section 154 of the Income-tax Act, 1961 could be upheld for want of supporting documents.

Analysis: The appeal turned on the assessee's claim that compensation received from the municipal authority for acquisition of land for road widening was exempt under section 96 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, and that the related TDS ought to have been granted as credit. The record showed, however, that despite repeated opportunities, no return of income, Form 26AS, or acquisition documents were produced before the first appellate authority or the Tribunal to substantiate that the amount had been disclosed as exempt income or that the TDS credit was verifiable. In these circumstances, the rejection of rectification could not be interfered with.

Conclusion: The claim for rectification and corresponding relief was not established on the record, and the order under section 154 was sustained.

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