{"id":50431,"date":"2025-01-29T11:12:24","date_gmt":"2025-01-29T05:42:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jai-parkash-v-pcit-2024111-itr-80-sndelhitrib\/"},"modified":"2025-01-29T11:12:24","modified_gmt":"2025-01-29T05:42:24","slug":"jai-parkash-v-pcit-2024111-itr-80-sndelhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jai-parkash-v-pcit-2024111-itr-80-sndelhitrib\/","title":{"rendered":"Jai Parkash v. PCIT (2024)111 ITR 80 (SN)(Delhi)(Trib)"},"content":{"rendered":"<p>Held\u00a0 that the order of the Assessing Officer was based on the decision of the Supreme Court in\u00a0CIT v. Ghanshyam (HUF) (2009) 315 ITR 1 (SC) \u00a0on the issue of taxability of interest received by the assessee under section\u00a028\u00a0of the\u00a0Land Acquisition Act, 1894. The order could at best be said to be a debatable issue on which two views were possible and the Assessing Officer accepted one of the views. In this view of the matter too, the Principal Commissioner could not assume revisional jurisdiction.(AY.2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Income from other sources-Compensation for acquisition of agricultural land-Interest on compensation-Two views possible-Revision order is quashed. [S.4, 56(2)(vii) 143(3),   Land Acquisition Act, 1894,S. 28]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-50431","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-d7p","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=50431"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50431\/revisions"}],"predecessor-version":[{"id":50432,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50431\/revisions\/50432"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=50431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=50431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=50431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}