https://www.taxtmi.com/caselaws?id=68457 Interest paid up to the date of award on compensation for land acquired otherwise than under the Land Acquisition Act, 1894 may form part of the compensation and be treated as a capital receipt, while interest in acquisition cases under the Land Acquisition Act is taxable as income. The Tribunal noted that CBDT instructions on the subject are binding on income-tax authorities. On the facts stated, the ex parte assessments and appellate orders were set aside and the matters were restored to the Assessing Officer for fresh consideration in accordance with law. en-us Thu, 30 Nov 2000 00:00:00 +0530 Wed, 30 Mar 2011 15:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68457 Interest paid up to the date of award on compensation for land acquired otherwise than under the Land Acquisition Act, 1894 may form part of the compensation and be treated as a capital receipt, while interest in acquisition cases under the Land Acquisition Act is taxable as income. The Tribunal noted that CBDT instructions on the subject are binding on income-tax authorities. On the facts stated, the ex parte assessments and appellate orders were set aside and the matters were restored to the Assessing Officer for fresh consideration in accordance with law. Case-Laws Income Tax Thu, 30 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68457