https://www.taxtmi.com/caselaws?id=776977 Crop and tree cut compensation, MAT treatment of a provision for obsolescence, taxability of compensation received under land acquisition law, and the character of interest on delayed land acquisition compensation all required fresh factual and legal verification because the record was incomplete. The ITAT therefore restored the first, second and fourth issues to the Assessing Officer for de novo examination, and remanded the third issue to the Commissioner (Appeals) for fresh adjudication on merits. It also noted that an appellate authority should consider a valid fresh legal claim and not reject it merely because the assessment order did not separately discuss it. No final determination on underlying tax liability was made. en-us Wed, 08 Jan 2025 00:00:00 +0530 Wed, 20 Aug 2025 15:31:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776977 Crop and tree cut compensation, MAT treatment of a provision for obsolescence, taxability of compensation received under land acquisition law, and the character of interest on delayed land acquisition compensation all required fresh factual and legal verification because the record was incomplete. The ITAT therefore restored the first, second and fourth issues to the Assessing Officer for de novo examination, and remanded the third issue to the Commissioner (Appeals) for fresh adjudication on merits. It also noted that an appellate authority should consider a valid fresh legal claim and not reject it merely because the assessment order did not separately discuss it. No final determination on underlying tax liability was made. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776977