https://www.taxtmi.com/caselaws?id=248384 Interest on enhanced compensation for compulsory acquisition of agricultural land was examined alongside the exemption principles applicable to capital gains from transfer of agricultural land, with the associated land acquisition components such as solatium and additional amount also needing consideration. The appellate authority treated the assessee's additional legal plea as admissible because it raised a pure legal question based on facts already on record. As the record did not clearly establish how the amount became taxable if it formed part of compensation for agricultural land, the issue required fresh examination. The matter was restored to the Assessing Officer for de novo adjudication in the light of the governing Supreme Court decision. en-us Fri, 23 May 2014 00:00:00 +0530 Wed, 02 Mar 2016 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248384 Interest on enhanced compensation for compulsory acquisition of agricultural land was examined alongside the exemption principles applicable to capital gains from transfer of agricultural land, with the associated land acquisition components such as solatium and additional amount also needing consideration. The appellate authority treated the assessee's additional legal plea as admissible because it raised a pure legal question based on facts already on record. As the record did not clearly establish how the amount became taxable if it formed part of compensation for agricultural land, the issue required fresh examination. The matter was restored to the Assessing Officer for de novo adjudication in the light of the governing Supreme Court decision. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248384