https://www.taxtmi.com/caselaws?id=65486 The Tribunal allowed all appeals of the assessee, confirming the land as a capital asset subject to capital gains tax. However, interest on compensation could not be taxed until the dispute was resolved. Penalties under Section 271(1)(c) were canceled due to the debatable nature of the taxability issue. en-us Fri, 29 Aug 2008 00:00:00 +0530 Thu, 19 Jul 2012 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65486 The Tribunal allowed all appeals of the assessee, confirming the land as a capital asset subject to capital gains tax. However, interest on compensation could not be taxed until the dispute was resolved. Penalties under Section 271(1)(c) were canceled due to the debatable nature of the taxability issue. Case-Laws Income Tax Fri, 29 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65486