TaxTMI 
TaxTMI 
2014 (6) TMI 744
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.... Per : D. K. Tyagi, Judicial Member:- This is the revenue's appeal against the order of Ld. CIT(A)-XI Ahmedabad dated 30-11-2010 deleting the addition of Rs. 15,46,933/- being interest received for delay in payment of compensation for land acquisition. 2. The brief facts of the case are that return of income declaring total income of Rs. 85,650/- was filed and the same was processed u/s. 143....
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....he assessee which has been reproduced by him in para 3.1 of his order deleted this addition by observing as under:- "3.2. The learned A.R's contentions in brief are as follow. The land belonging to 3 co-owners - appellant, his brother and mother (as evidenced by the copy of 7/12 Utara, enclosed to the Return of Income) -was acquired by Sardar Sarovr Nigam ltd. Therefore, the interest receiv....
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....he head income from other sources). 3.2.2. Having considered the facts of the case and in the light of the caselaws relied upon, I m inclined to agree with the contentions of the A.R. A. O. is directed to apportion the impugned interest of Rs. 15,46,930/- among the 3 co-owners. The interest apportioned to the appellant shall be spread over the period of delay in paying the compensation. The sha....