2010 (12) TMI 705

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..... up for consideration before this Court in The Commissioner of Income Tax, Faridabad v. Bir Singh (HUF)Ballabgarh (2010 -TMI - 205309 - PUNJAB & HARYANA HIGH COURT) as interest directed by the Collector partakes the character of compensation and forms part thereof under Section 34 of the Act whereas the interest ordered by the Court falls under Section 28 of the Act - Answered in favour of the reve .....

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..... Court in ITA No. 209 of 2004 (The Commissioner of Income Tax, Faridabad v. Bir Singh (HUF) Ballabgarh) decided on 27.10.2010, wherein it was concluded as under:- "(a) that 'income from Business or profession' and 'income from other sources' are ascertain on the basis of system of accountancy followed by the assessee; (b) where assessee is not maintaining books of accounts by adopting any speci .....

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