Preliminary reassessment proceedings generally require statutory remedies unless jurisdiction is wholly absent or mandatory conditions are patently br...
Agricultural land classification requires cumulative factual indicators, while industrial-purpose land and absent agricultural use defeat reinvestment...
Interest on enhanced compensation for compulsorily acquired agricultural land is taxable under the provisions governing such interest where binding jurisdictional precedent so requires. Rectification is limited to mistakes apparent from the record and cannot be used to review, modify, or avoid binding jurisdictional precedent on the basis of a contrary Coordinate Bench view; relief through rectification is therefore unavailable. Where the interest is taxable as income from other sources, the statutory fifty per cent deduction must be allowed. Taxable interest must consequently be computed after granting that deduction where it has not already been provided.
Interest on enhanced compensation for compulsorily acquired agricultural land is taxable under the provisions governing such interest where binding jurisdictional precedent so requires. Rectification is limited to mistakes apparent from the record and cannot be used to review, modify, or avoid binding jurisdictional precedent on the basis of a contrary Coordinate Bench view; relief through rectification is therefore unavailable. Where the interest is taxable as income from other sources, the statutory fifty per cent deduction must be allowed. Taxable interest must consequently be computed after granting that deduction where it has not already been provided.
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