https://www.taxtmi.com/caselaws?id=243105 Interest on enhanced compensation for compulsory acquisition is taxable or exempt depending on its character under the Land Acquisition Act, 1894: interest under section 28 forms part of enhanced compensation and is treated as compensation, while interest under section 34 is compensation for delay in payment and is taxable. Because the record did not clearly identify the respective components of interest received, the matter could not be conclusively determined on the available material and was remitted for verification of the nature of interest and application of the correct tax treatment. en-us Fri, 02 Aug 2013 00:00:00 +0530 Tue, 21 Jan 2014 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243105 Interest on enhanced compensation for compulsory acquisition is taxable or exempt depending on its character under the Land Acquisition Act, 1894: interest under section 28 forms part of enhanced compensation and is treated as compensation, while interest under section 34 is compensation for delay in payment and is taxable. Because the record did not clearly identify the respective components of interest received, the matter could not be conclusively determined on the available material and was remitted for verification of the nature of interest and application of the correct tax treatment. Case-Laws Income Tax Fri, 02 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243105