https://www.taxtmi.com/caselaws?id=465263 Revisionary jurisdiction under section 263 cannot be invoked where the Assessing Officer made due inquiry and adopted a plausible legal view supported by binding precedent. Interest awarded under section 28 of the Land Acquisition Act on enhanced compensation for compulsory acquisition of agricultural land was treated as part of enhanced compensation rather than income from other sources taxable under section 56(2)(viii) read with section 145B. As the assessment considered the acquisition documents, TDS reconciliation and tax treatment of the receipt, a differing view of the revisional authority did not render the assessment erroneous. The revisional order was therefore unsustainable and set aside. en-us Wed, 27 Aug 2025 00:00:00 +0530 Fri, 12 Dec 2025 20:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465263 Revisionary jurisdiction under section 263 cannot be invoked where the Assessing Officer made due inquiry and adopted a plausible legal view supported by binding precedent. Interest awarded under section 28 of the Land Acquisition Act on enhanced compensation for compulsory acquisition of agricultural land was treated as part of enhanced compensation rather than income from other sources taxable under section 56(2)(viii) read with section 145B. As the assessment considered the acquisition documents, TDS reconciliation and tax treatment of the receipt, a differing view of the revisional authority did not render the assessment erroneous. The revisional order was therefore unsustainable and set aside. Case-Laws Income Tax Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465263