https://www.taxtmi.com/caselaws?id=70849 The ITAT allowed the assessee's appeal concerning the taxability of interest on the compensation amount, assessment year for taxation, partition in HUF, and levy of interest u/s 215. The decision overturned the lower authorities' findings, determining that income accrued in the previous year, not the year under appeal. The ITAT also clarified the accounting method and partition issues, ultimately ruling in favor of the assessee based on the presented arguments and factual circumstances of the case. en-us Tue, 09 Feb 1982 00:00:00 +0530 Tue, 19 Apr 2011 16:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70849 The ITAT allowed the assessee's appeal concerning the taxability of interest on the compensation amount, assessment year for taxation, partition in HUF, and levy of interest u/s 215. The decision overturned the lower authorities' findings, determining that income accrued in the previous year, not the year under appeal. The ITAT also clarified the accounting method and partition issues, ultimately ruling in favor of the assessee based on the presented arguments and factual circumstances of the case. Case-Laws Income Tax Tue, 09 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70849