https://www.taxtmi.com/caselaws?id=279730 Interest received under section 28 of the Land Acquisition Act, 1894 was treated as part of enhanced compensation where binding Supreme Court law so required. On that basis, the Tribunal held that the Assessing Officer was bound to follow the Supreme Court position and that the assessment could not be said to be erroneous or prejudicial merely because the revisional authority preferred a contrary later view. The order under section 263 of the Income-tax Act, 1961 was therefore unsustainable and was set aside. en-us Fri, 11 Jan 2019 00:00:00 +0530 Wed, 03 Apr 2019 05:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279730 Interest received under section 28 of the Land Acquisition Act, 1894 was treated as part of enhanced compensation where binding Supreme Court law so required. On that basis, the Tribunal held that the Assessing Officer was bound to follow the Supreme Court position and that the assessment could not be said to be erroneous or prejudicial merely because the revisional authority preferred a contrary later view. The order under section 263 of the Income-tax Act, 1961 was therefore unsustainable and was set aside. Case-Laws Income Tax Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279730