TaxTMI 
TaxTMI 
2021 (4) TMI 862
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....iled by the assessee against order dated 06/01/2017 passed by CIT(A)-Karnal, for assessment year 2011-12. 2. The grounds of appeal are as under:- "1. That order of Ld.CIT(A) is arbitrary, illegal and against the facts. 2. That the Ld.CIT(A) erred in law in confirming the orders of ACIT treating the interest received on enhanced Compensation as Income of the assessee where as the Apex Court in....
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....ng officer while making the assessment disallowed 50% of the Interest received on enhanced compensation and accordingly added Rs. 54,31,208/- to the Income of the assessee u/s. 143(3) 148 of the Income Tax Act. 4. Being aggrieved by the assessment order, the assessee filed appeal before the CIT(A). The CIT(A) dismissed the appeal of the assessee. 5. The Ld. AR submitted that Hon'ble Supreme ....
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....ecord. It is pertinent to note that the assessee's land was acquired by the Government and he received total compensation of Rs. 2,56,29,932/- from land acquisition officer Panchkula which include interest on enhanced compensation of Rs. 1,08,62,416/- and assessee claimed this interest received on enhanced compensation exempt under Section 10(37) of the Income Tax Act, 1961. From the perusal o....