https://www.taxtmi.com/caselaws?id=176325 Tax deduction at source was not payable on the amount awarded under Section 28 of the Land Acquisition Act for acquisition of agricultural land. The reasoning distinguishes Section 28 interest from Section 34 interest: Section 28 interest on enhanced compensation is treated as an accretion to value and part of the compensation itself, while Section 34 interest is merely delay compensation. Because the land was agricultural and the relevant exemption provisions applied, Section 194LA did not justify TDS on the Section 28 amount. The amount deposited was therefore treated as compensation for agricultural land and not a separately taxable interest component. en-us Sat, 21 Dec 2013 00:00:00 +0530 Tue, 23 Aug 2016 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176325 Tax deduction at source was not payable on the amount awarded under Section 28 of the Land Acquisition Act for acquisition of agricultural land. The reasoning distinguishes Section 28 interest from Section 34 interest: Section 28 interest on enhanced compensation is treated as an accretion to value and part of the compensation itself, while Section 34 interest is merely delay compensation. Because the land was agricultural and the relevant exemption provisions applied, Section 194LA did not justify TDS on the Section 28 amount. The amount deposited was therefore treated as compensation for agricultural land and not a separately taxable interest component. Case-Laws Income Tax Sat, 21 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176325