https://www.taxtmi.com/caselaws?id=472314 Revisionary jurisdiction is unavailable where the assessing authority made specific enquiries and adopted a legally tenable view on a debatable issue; absence of detailed reasoning in the assessment order does not itself establish lack of enquiry. Interest awarded for enhanced land-acquisition compensation under Section 28 forms part of the enhanced value of the acquired land, unlike interest for delayed payment under Section 34. Amendments governing the timing of taxation of interest on compensation do not alter that character. Where enhanced compensation qualifies for exemption, Section 28 interest retains the exempt character and cannot be revised merely because a contrary view is preferred. A non-speaking dismissal of a special leave petition creates no binding precedent. en-us Mon, 29 Jan 2024 00:00:00 +0530 Wed, 07 Oct 2026 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472314 Revisionary jurisdiction is unavailable where the assessing authority made specific enquiries and adopted a legally tenable view on a debatable issue; absence of detailed reasoning in the assessment order does not itself establish lack of enquiry. Interest awarded for enhanced land-acquisition compensation under Section 28 forms part of the enhanced value of the acquired land, unlike interest for delayed payment under Section 34. Amendments governing the timing of taxation of interest on compensation do not alter that character. Where enhanced compensation qualifies for exemption, Section 28 interest retains the exempt character and cannot be revised merely because a contrary view is preferred. A non-speaking dismissal of a special leave petition creates no binding precedent. Case-Laws Income Tax Mon, 29 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472314