1991 (3) TMI 117

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....e represented by any counsel. Heard learned standing counsel for the Income-tax Department appearing for the respondent. The assessee is an individual deriving agricultural income as a protected tenant. The State Government acquired the lands which were in his possession as a protected tenant and an award was passed on March 26, 1973. On a reference made to the City Civil Court, Hyderabad, the co....

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....is court, under section 256(1) of the Income-tax Act, 1961 : "Whether, on the facts and circumstances of the case, the entire interest payable by the State Government for the period May 6, 1961, to March 31, 1976, or only the interest relating to the year 1975-76 was assessable as the income of the assessee for the assessment year 1976-77 ?" Against the decision of this court in CIT v. Smt. Sank....