https://www.taxtmi.com/caselaws?id=269819 Interest received under Section 28 of the Land Acquisition Act, 1894 on enhanced compensation is treated as a revenue receipt and is taxable under the Income-tax Act, 1961 as income from other sources. The Court distinguished such interest from interest under Section 34 and followed the settled position that delayed payment interest remains exigible to tax unless a specific exemption applies. Claims based on Section 10(37) and Section 57(iv) required factual examination by the Assessing Officer, so relief on those grounds was not granted at this stage. The issue of tax deduction at source was left open. en-us Tue, 14 Jan 2014 00:00:00 +0530 Tue, 22 Dec 2015 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269819 Interest received under Section 28 of the Land Acquisition Act, 1894 on enhanced compensation is treated as a revenue receipt and is taxable under the Income-tax Act, 1961 as income from other sources. The Court distinguished such interest from interest under Section 34 and followed the settled position that delayed payment interest remains exigible to tax unless a specific exemption applies. Claims based on Section 10(37) and Section 57(iv) required factual examination by the Assessing Officer, so relief on those grounds was not granted at this stage. The issue of tax deduction at source was left open. Case-Laws Income Tax Tue, 14 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269819