2025 (3) TMI 1838

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....al by the assessee is directed against the order of Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi (hereinafter referred to as 'the CIT(A)') dated 31.03.2024, for assessment year 2018-19. 2. The primary issue raised by the assessee in appeal is against the addition made by Assessing Officer (AO) in respect of interest received by the assessee on enhanced co....

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....ended the impugned order and prayed for dismissing appeal of the assessee. The ld. DR submitted that the Hon'ble High Court in the case Mahender Pal Narang vs CBDT, 120 taxmann.com 400 (P&H) and in the case of PCIT vs. Inderjit Singh Sodhi HUF, 161 taxmann.com 301 (Delhi) has held that interest whether on compensation or enhanced compensation is liable to be taxed as income from other sources u/s.....

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....Mahender Pal Narang vs CBDT (supra) after considering amended provisions of section 56(2)(viii) of the Act distinguished the decision rendered in the case of Ghanshyam HUF (supra) and held that interest received on compensation or enhanced compensation is to be treated as 'Income from Other Sources' and not under the head 'Capital Gains'. Recently, the Hon'ble Delhi High Court in the case of P....