2021 (8) TMI 1305

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..... nsation placing reliance on the provisions of section 145A r.w.s. 56(2)(viii) - HELD THAT:- As on mere reading of the order of Tribunal, we find that the Tribunal relying upon the decision of the Hon ble Supreme Court in the case of (i) Ghanshyam (HUF) [ 2009 (7) TMI 12 - SUPREME COURT] and (ii) Bikram Singh Ors. [ 1996 (9) TMI 6 - SUPREME COURT] had deleted the additions without adverting to the .....

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..... ition is seeking recall of an order dated 01.07.2019 of this Tribunal in ITA No.2584/PUN/2016 for the assessment year 2013-14. 2. When the matter had come up for hearing, none appeared on behalf of the assessee despite due service of notice. Therefore, we dispose of this MA after hearing the ld. CIT-DR. 3. It is averred that the issue in the present MA relates to the taxability of interest recei .....

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..... pensation under the Land Acquisition Act. The Assessing Officer brought to tax the interest received on compensation placing reliance on the provisions of section 145A r.w.s. 56(2)(viii) of the Act which are applicable from the assessment year 2010-11. The ld. CIT(A) also confirmed the action of the Assessing Officer placing reliance on the said provisions of the Act. However, on mere reading of t .....

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