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TMI Blog2007 (2) TMI 682X X X X Extracts X X X X X X X X Extracts X X X X ..... nch E in ITA No. 3329/Delhi/1993 relevant for the assessment year 1990-91. 2. Revenue has raised two grounds to challenge this order. The first ground is with regard to liquidated damages received by the assessee on account of delayed handing over of possession of immovable property due to it under an agreement entered into between the assessee and DCM Ltd. The question was whether the liquid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... statute (section 28 of the Act) was amended with retrospective effect from 1-4-1962 to the effect that the cash compensatory support was to be treated as business income. On this basis, the amount received by the assessee towards cash compensatory support was held to be taxable and the assessee was not entitled to any interest on the amount which it had already received. We are told that the inter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent which was retrospectively made to the statute. 7. The Tribunal has rightly rejected the contentions urged by the revenue. We do not find any error in the view taken by the Tribunal and, therefore, are of the opinion that no substantial question of law arises in this appeal that would warrant our interference under section 260A of the Income-tax Act. Accordingly, the appeal is dismissed. - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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