https://www.taxtmi.com/caselaws?id=339695 The Tribunal ruled in favor of the assessee in a case involving the disallowance of displacement compensation under section 40(a)(ia), determining the payment as compensation for displacement and not rent, thus deleting the disallowance. Regarding discrepancies in balances of creditors/purchasers and total sale price, the Tribunal remanded these issues back to the Assessing Officer for further verification and adjudication to prevent double taxation. The appeals for A.Y. 2010-11 and 2011-12 were partly allowed, with specific grounds remanded for fresh adjudication based on the Tribunal's directives to ensure proper verification and avoid double taxation in subsequent years. en-us Wed, 11 Jan 2017 00:00:00 +0530 Mon, 06 Mar 2017 09:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339695 The Tribunal ruled in favor of the assessee in a case involving the disallowance of displacement compensation under section 40(a)(ia), determining the payment as compensation for displacement and not rent, thus deleting the disallowance. Regarding discrepancies in balances of creditors/purchasers and total sale price, the Tribunal remanded these issues back to the Assessing Officer for further verification and adjudication to prevent double taxation. The appeals for A.Y. 2010-11 and 2011-12 were partly allowed, with specific grounds remanded for fresh adjudication based on the Tribunal's directives to ensure proper verification and avoid double taxation in subsequent years. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339695