https://www.taxtmi.com/caselaws?id=354127 Capital gains arising from land acquired under the Land Acquisition Act remained exempt from tax, and the assessing officer could not assess them merely because the assessee had not filed a revised return. Where exempt income was included in the original return by mistake or ignorance, the officer was bound to complete the assessment according to law and could not treat the absence of a revised return as a technical bar to relief. The ruling distinguished Goetze (India) Ltd. as involving a fresh claim for deduction, not the officer's duty to refrain from taxing income exempt in law. The assessment was quashed to the extent it taxed the exempt compensation. en-us Thu, 04 Jan 2018 00:00:00 +0530 Mon, 14 May 2018 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354127 Capital gains arising from land acquired under the Land Acquisition Act remained exempt from tax, and the assessing officer could not assess them merely because the assessee had not filed a revised return. Where exempt income was included in the original return by mistake or ignorance, the officer was bound to complete the assessment according to law and could not treat the absence of a revised return as a technical bar to relief. The ruling distinguished Goetze (India) Ltd. as involving a fresh claim for deduction, not the officer's duty to refrain from taxing income exempt in law. The assessment was quashed to the extent it taxed the exempt compensation. Case-Laws Income Tax Thu, 04 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354127