https://www.taxtmi.com/caselaws?id=215051 The Tribunal held that the CIT's order under section 263 of the IT Act was unsustainable as the Assessing Officer had exercised due diligence in not taxing the interest on enhanced land compensation at that stage. The Tribunal also found the non-charging of interest under section 234A to be erroneous. Consequently, the Tribunal partly allowed the appeal, setting aside the CIT's order on taxing interest on enhanced compensation but upholding the decision on non-charging of interest under section 234A. en-us Fri, 25 May 2012 00:00:00 +0530 Mon, 23 Jul 2012 08:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215051 The Tribunal held that the CIT's order under section 263 of the IT Act was unsustainable as the Assessing Officer had exercised due diligence in not taxing the interest on enhanced land compensation at that stage. The Tribunal also found the non-charging of interest under section 234A to be erroneous. Consequently, the Tribunal partly allowed the appeal, setting aside the CIT's order on taxing interest on enhanced compensation but upholding the decision on non-charging of interest under section 234A. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215051