2026 (9) TMI 325

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....dl. CIT) - Ld. Sr. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2015- 16 arises out of an order of learned Commissioner of Income Tax (Appeals), NFAC [CIT(A)] dated 23.02.2026 confirming penalty of Rs. 6,17,398/- as levied by Ld. AO vide order dated 24.06.2025. From case records, it emerges that the assessee received interest o....

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.... the decision of SMC Bench of Chandigarh Tribunal in the case of Chander Kanta (ITA No.690/Chandi/2026 dated 09.07.2026) as under: - 2. I am of the considered opinion that the impugned issue of taxability of interest on enhanced compensation of land was debatable issue and divergent views have been expressed in various judicial decisions. Therefore, the assessee could not be saddled with ....