https://www.taxtmi.com/caselaws?id=217539 Amounts awarded under Section 28 of the Land Acquisition Act, 1894 on enhanced compensation are treated as part of the compensation itself, not as ordinary interest. The text distinguishes such receipts from interest under Section 34, which compensates for delay in payment, and states that the Section 28 amount falls within the receipt-based taxation scheme for enhanced compensation under Section 45(5) of the Income-tax Act, 1961, with any corresponding adjustment under Section 155(16). The operative consequence is that the amount is taxable in the year of receipt, rather than on a year-to-year basis. en-us Wed, 03 Oct 2012 00:00:00 +0530 Mon, 15 Oct 2012 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217539 Amounts awarded under Section 28 of the Land Acquisition Act, 1894 on enhanced compensation are treated as part of the compensation itself, not as ordinary interest. The text distinguishes such receipts from interest under Section 34, which compensates for delay in payment, and states that the Section 28 amount falls within the receipt-based taxation scheme for enhanced compensation under Section 45(5) of the Income-tax Act, 1961, with any corresponding adjustment under Section 155(16). The operative consequence is that the amount is taxable in the year of receipt, rather than on a year-to-year basis. Case-Laws Income Tax Wed, 03 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217539