Interest on Enhanced Compensation for Land Acquisition: No Addition Even If TDS was Deducted, rules ITAT [Read Order]

Interest - Compensation - Land Acquisition - TDS - ITAT - taxscan

In a significant ruling on the Interest on enhanced compensation for land acquisition, the Delhi bench of the Income Tax Appellate Tribunal has held that addition will not sustain even if TDS was deducted. The revenue was represented by Sh. Govind Ram Keswani and the assessee were represented by Sh. Lalit Kishore. The assessee received…

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