https://www.taxtmi.com/caselaws?id=77904 Interest on delayed payment of enhanced compensation for compulsory acquisition of agricultural land was treated as a revenue receipt, separate from the exempt character of the land itself, and therefore remained taxable. The exemption applicable to compensation for agricultural land did not extend to the interest component. The source-deduction provision governing interest income accordingly applied, so tax was deductible at source on the delayed compensation interest. The plea that the interest shared the character of agricultural income was rejected. en-us Thu, 13 Aug 2009 00:00:00 +0530 Wed, 20 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77904 Interest on delayed payment of enhanced compensation for compulsory acquisition of agricultural land was treated as a revenue receipt, separate from the exempt character of the land itself, and therefore remained taxable. The exemption applicable to compensation for agricultural land did not extend to the interest component. The source-deduction provision governing interest income accordingly applied, so tax was deductible at source on the delayed compensation interest. The plea that the interest shared the character of agricultural income was rejected. Case-Laws Income Tax Thu, 13 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77904