https://www.taxtmi.com/caselaws?id=210489 Amounts received on acquisition, including a component labelled as interest, were treated as compensation and not as interest under Section 34 of the Land Acquisition Act, 1894. The Court applied the distinction drawn in Ghanshyam (HUF): interest under Section 28 forms part of compensation, whereas Section 34 interest is only for delay in payment after compensation is determined. On that basis, the receipt fell within Sections 23 and 28, was not taxable as Section 34 interest, and the question raised in the appeals did not survive for consideration. en-us Thu, 08 Dec 2011 00:00:00 +0530 Thu, 05 May 2022 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210489 Amounts received on acquisition, including a component labelled as interest, were treated as compensation and not as interest under Section 34 of the Land Acquisition Act, 1894. The Court applied the distinction drawn in Ghanshyam (HUF): interest under Section 28 forms part of compensation, whereas Section 34 interest is only for delay in payment after compensation is determined. On that basis, the receipt fell within Sections 23 and 28, was not taxable as Section 34 interest, and the question raised in the appeals did not survive for consideration. Case-Laws Income Tax Thu, 08 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210489