{"id":6632,"date":"2019-08-21T08:36:53","date_gmt":"2019-08-21T08:36:53","guid":{"rendered":"http:\/\/itatonline.org\/digest\/puneet-singh-v-cit-2019-415-itr-215-ph-hc\/"},"modified":"2019-11-16T02:14:18","modified_gmt":"2019-11-16T02:14:18","slug":"puneet-singh-v-cit-2019-415-itr-215-ph-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/puneet-singh-v-cit-2019-415-itr-215-ph-hc\/","title":{"rendered":"Puneet Singh.  v. CIT  (2019) 415 ITR 215\/ 182 DTR 194 \/ 310 CTR 817 (P&#038;H) (HC)"},"content":{"rendered":"<p>Court held that the expression &#8220;interest&#8221; occurring in clause\u00a0(28A)\u00a0of section\u00a02\u00a0of the\u00a0Income-tax Act, 1961, widens the scope of the term &#8220;interest&#8221; for the purposes of the Act. The cumulative effect of section\u00a0145A(b)\u00a0and section\u00a056(2)(viii)\u00a0would be that where land has been acquired compulsorily by the Government any interest received on compensation or on enhanced compensation would be taxable under the head &#8220;Income from other sources&#8221; in the year of receipt. (AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 145A : Method of accounting\u2013Interest-Compulsory acquisition of Land \u2014 Interest on enhanced compensation\u2014Assessable in year of receipt under head Income from other sources. [S. 2(28A) 56(2)(viii), 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":[1],"tags":[],"class_list":["post-6632","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1IY","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6632","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=6632"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6632\/revisions"}],"predecessor-version":[{"id":8225,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6632\/revisions\/8225"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}