1990 (5) TMI 16

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....me-tax, Meerut, in proceedings under section 264 of the Income-tax Act, 1961. The land of the petitioner was acquired by the Government and an award was passed on September 13, 1984. The award specifically sets out the amount of compensation, solatium and interest. Penal interest was levied under section 139(8) and also under section 217 of the Act for the period April 1, 1983 onwards. The petitio....