Sushil Kumar vs Income Tax Officer

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

INCOME TAX APPELLATE TRIBUNAL (AMRITSAR BENCH)
DIPAK P. RIPOTE, Accountant Member, Udayan Dasgupta, J.M.
Sushil Kumar – Appellant
Versus
Income Tax Officer – Respondent

Advocates:
For the Appellants/Petitioners: Sh. Pranav Jain, Adv.
For the Respondents: Sh. Charan Dass, Sr. D. R.

Table of Content
1. denial of exemption on residential land compensation under rfctlaar/nh acts. (Para 3 , 4 , 5 , 6 , 7 , 8 , 9)
2. assessee/revenue arguments on circular applicability and post-2015 payment. (Para 10 , 11 , 12)
3. rfctlarr provisions extend to fourth schedule enactments via 2015 order. (Para 14 , 15 , 16 , 17)
4. high court/itat precedents confirm tax exemption u/s 96 for nh act compensation. (Para 18 , 19 , 20 , 21 , 22 , 23 , 24)
5. addition deleted; exemption allowed excluding taxable interest. (Para 25 , 26)

ORDER

Per Udayan Dasgupta, J.M.:

This appeal is filed by the assessee against the order of the ld. CIT (A) NFAC, Delhi dated 21.10.2024 passed u/s 250 of the Income Tax Act, 1961 (henceforth the Act) which has emanated from the order of the ITO, Ward-2(1), Bathinda dated 14.12.2018 passed u/s 143(3) of the Income Tax Act, 1961.

2. The ld. DR filed an application for adjournment of hearing on the grounds of complexity of issues involved and citing heavy work load, which we consider not to be sufficient reasons for adjournment and as such, the same is rejected and we proceed to dispose of the appeal on merits of the case after hearing both the parties and considering

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INCOME TAX APPELLATE TRIBUNAL (AMRITSAR BENCH)DIPAK P. RIPOTE, Accountant Member, Udayan Dasgupta, J.M.Sushil Kumar – AppellantVersusIncome Tax Officer – Respondent

INCOME TAX APPELLATE TRIBUNAL (AMRITSAR BENCH)
DIPAK P. RIPOTE, Accountant Member, Udayan Dasgupta, J.M.
Sushil Kumar – Appellant
Versus
Income Tax Officer – Respondent