TaxTMI 
TaxTMI 
2022 (5) TMI 502
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....t and in terms of intimation issued under section 143(1) dt. 25/03/2019, the CPC had made an addition of Rs. 97,78,250/-. Being aggrieved the assessee moved in appeal before the Ld. CIT(A), NFAC, Delhi who has confirmed the said addition and against the said order, the assessee has now came in appeal before us. 3. During the course of hearing, the Ld. AR submitted that the assessee has received a sum of Rs. 97,78,250/- as enhanced compensation alongwith interest under section 28 of the Land Acquisition Act towards compulsory acquisition of agriculture land. It was submitted that the said amount was exempt under section 10(37) of the Act and in support reliance was placed on the Hon'ble Supreme Court decisions in case of CIT Vs Ghanshya....
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....tails submitted before him for claiming exemption u/s. 10(37) were not part of return of income and these were submitted by the assessee at the appellate stage which requires examination. The assessee has apparently claimed exemption u/s. 10(37) towards enhanced compensation along with interest u/s. 28 of the land acquisition Act. However, what information was stated in the return of income and what additional information has been furnished by the assessee before the ld. CIT(A) has not been spelt out. As we understand while filing the return of income, the assessee has to make suitable disclosure regarding the nature and quantum of exemption so claimed while filing the return of income. The documentation if any supporting such claim is appa....