2011 (1) TMI 901

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..... ,the appeal is allowed and the substantial question of law is answered in favour of the revenue. - ITA No. 555 of 2008 (O&M) - - - Dated:- 31-1-2011 - MR. JUSTICE ADARSH KUMAR GOEL, MR. JUSTICE AJAY KUMAR MITTAL, JJ. Ms. Urvashi Dhugga, Advocate for the appellant. AJAY KUMAR MITTAL, J. 1. This appeal has been filed by the revenue under Section 260A of the Income Tax Act, 1961 .....

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..... o. 177 of 05 in the cases of CIT, Faridabad Vs. Naresh Kumar and CIT, Faridabad Vs. Dilbagh Singh, respectively]? 2. Put shortly, the facts necessary for adjudication as narrated in the appeal are that the assessee received interest on enhanced compensation at Rs.82,58,720/-. The assessee expired and notices under Section 148 of the Act were issued to the legal heirs of the assessee on 21.3.2003 .....

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..... 5. The similar issue came up for consideration before this 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 a .....

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