1982 (8) TMI 109

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....(1) of the IT Act 1961, the CIT Patiala prays for reference of the question mentioned in the reference application said to be a question of law and to arise out of the order of the Tribunal in ITA No. 936 of 1979 dated 23-4-1982 to the Hon'ble High Court of Punjab and Haryana at Chandigarh for its opinion. 2. We have heard the parties. The respondent in its reply has submitted that no question ....

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....r section 28 to that of interest under section 34. If therefore the judgement of the Supreme Court is read with the judgment of the Punjab and Haryana High Court in the case of Dr. Sham Lal Narula it becomes clear that the position of law with regard to interest payable under section 34 of the Land Acquisition Act is the same as under section 28 in view of what is stated above. We are therefore, c....

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....urt. After these considerations the Tribunal held that the interest payable under section 34 of the Land Acquistion Act is the same as under section 28 of the said Act. The amount of Rs. 39,862 therefore, could not be taxed in one year in which it was received. It has to be taxed in the relevant assessment year in which it accrued beginning from 29-3-1971 and ending on 31-10-1975. 5. The ld. Co....

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....the court refused to grant special leave except to clarify the ambiguity, if there be some in the matter of award of interest on the enhanced portion of the compensation and observed that there is no reasons what ever to withhold such payment of interest. It was rightly conceded by counsel for the Improvements Trust that a similar direction with regard to interest be also made. We accordingly dire....