2008 (4) TMI 212

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on enhanced compensation is to be taxed on accrual basis irrespective of the pendency of appeal in HC - appeals of the revenue raising the similar question of law have already been dismissed in similar case – hence revenue appeal is dismissed - 2214-CII of 2008 and 77 of 2008 - - - Dated:- 24-4-2008 - RAJIVE BHALLA and RAKESH KUMAR GARG JJ. Yogesh Putney, Advocate for the appellant-revenue .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sdictional High Court of Punjab Haryana following the judgment of Apex Court in the case of CIT v. Rama Bai (181 ITR 400) whereby interest on enhanced compensation is to be taxed on accrual basis irrespective of the pendency of appeal in higher courts in respect of enhanced compensation. [ITA No.176 of 2005 and ITA No.177 of 2005 in the cases of CIT, Faridabad v. Naresh Kumar and CIT, Farida .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X