https://www.taxtmi.com/caselaws?id=307135 The Tribunal dismissed the appeal challenging the service of notice u/s 148 as multiple attempts were made to serve the notice, which were not disputed by the assessee. The Tribunal upheld the taxability of enhanced compensation as long term capital gains under section 45(5) of the Income Tax Act. The issue of taxation of interest on enhanced compensation was remanded back to the ld AO for further examination to determine the nature of the interest received. The general ground of appeal was dismissed for being of a general nature. The Tribunal provided directions for reevaluation of the taxability of interest on enhanced compensation. en-us Wed, 28 Oct 2020 00:00:00 +0530 Tue, 21 Mar 2023 20:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307135 The Tribunal dismissed the appeal challenging the service of notice u/s 148 as multiple attempts were made to serve the notice, which were not disputed by the assessee. The Tribunal upheld the taxability of enhanced compensation as long term capital gains under section 45(5) of the Income Tax Act. The issue of taxation of interest on enhanced compensation was remanded back to the ld AO for further examination to determine the nature of the interest received. The general ground of appeal was dismissed for being of a general nature. The Tribunal provided directions for reevaluation of the taxability of interest on enhanced compensation. Case-Laws Income Tax Wed, 28 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307135