2026 (7) TMI 2020

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.... 1. Aforesaid appeal by assessee for Assessment Year (AY) 2015- 16 arises out of an order of learned Addl. / Joint Commissioner of Income Tax (Appeals), NFAC [CIT(A)] dated 18.01.2026 confirming penalty of Rs.1,07,421/- as levied by Ld. AO vide order dated 11.03.2025. From case records, it emerges that the assessee received interest on enhanced compensation on land for Rs.6,89,347/ which was claim....