2011 (1) TMI 612

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....nbsp; ADARSH KUMAR GOEL, J ( Oral) .   1. As per office report, the respondent refused to accept notice and the notice was affixed at the door. Thus, service is treated to be completed.   2. This Appeal has been preferred by the revenue under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as "the Act") against order dated 29.6.2009 passed by the Income Tax App....

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....m (HUF) reported in (2009) 315 ITR 1 (SC) wherein the Hon'ble Apex Court has held that the year in which enhanced compensation is received is the year of taxability and the interest u/s 28 of the Land Acquisition Act, 1894 on enhanced compensation is a part of enhanced compensation, therefore, the interest u/s 28 of the Land Acquisition Act on enhanced compensation will also be taxable in the year....

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....sing and Land Development Trust Ltd., (1986) 161 ITR 524. On appeal, the said view has been affirmed by the Tribunal.   4. The matter was considered by Hon'ble Supreme Court in Commissioner of Income Tax, Faridabad Vs. Ghanshyam (HUF) (2009) 315 ITR 1 and it was held that enhanced compensation was taxed in the year of receipt even if the proceeding has not attained finality in view of the ....