The Commissioner Of Income Tax, Patiala v. Shri Karanbir Singh, Patiala

Income Tax Reference No.20 of 1999 IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH Income Tax Reference No.20 of 1999 Date of Order: 18.11.2013. The Commissioner of Income Tax, Patiala ...Appellant Versus Shri Karanbir Singh, Patiala ..Respondent CORAM: HON'BLE MR. JUSTICE RAJIVE BHALLA HON'BLE MR. JUSTICE DR. BHARAT BHUSHAN PARSOON Present: Ms. Savita Saxena, Advocatefor the appellant.None for the respondent RAJIVE BHALLA, J (Oral) The Income Tax Appellate Tribunal, ChandigarhBench, Chandigarh, has referred the following question of law,for an answer:- “Whether, on the facts and in the circumstancesof the case, the ITAT was right in law in holdingthat the amount enhanced compensation andinterest thereon received by the assessee inconsequence of the judgment of the Distt. Judgeand the amount having been utilised, invested indiscretion of the assessee, is not taxable?”Counsel for the revenue fairly concedes that question Income Tax Reference No.20 of 1999 of law has already been answered against the revenue inCommissioner of Income Tax v. Karanbir Singh, [2008] 303 ITR 231 (P&H). In view of the statement made by counsel for therevenue, the reference is answered in terms of the aforesaidjudgment. (RAJIVE BHALLA) JUDGE November 18, 2013 nt (DR. BHARAT BHUSHAN PARSOON) JUDGE