https://www.taxtmi.com/caselaws?id=269762 Interest received under Section 28 of the Land Acquisition Act on enhanced compensation is treated as a separate revenue receipt and is taxable as income in the year of receipt under the Income-tax Act. The statutory scheme, including the definitions and provisions governing income from interest and taxation on receipt basis, applies to such interest, and it is not exempt merely because it arises from land acquisition proceedings. On that basis, tax deduction at source under Section 194A was held to be justified, and any refund, if otherwise permissible, must be pursued through the income tax return process. en-us Thu, 03 Sep 2015 00:00:00 +0530 Mon, 21 Dec 2015 16:25:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269762 Interest received under Section 28 of the Land Acquisition Act on enhanced compensation is treated as a separate revenue receipt and is taxable as income in the year of receipt under the Income-tax Act. The statutory scheme, including the definitions and provisions governing income from interest and taxation on receipt basis, applies to such interest, and it is not exempt merely because it arises from land acquisition proceedings. On that basis, tax deduction at source under Section 194A was held to be justified, and any refund, if otherwise permissible, must be pursued through the income tax return process. Case-Laws Income Tax Thu, 03 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269762