https://www.taxtmi.com/caselaws?id=182183 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for acquired agricultural land is treated as an accretion to the compensation itself, not as separate delayed-payment interest under section 34. On that basis, where the enhanced compensation is exempt under section 10(37) of the Income-tax Act, the section 28 receipt also retains the same exempt character. The Revenue's objections that the appellate authority mischaracterised the receipt and that the assessee was bound by an earlier stand were rejected, since the correct legal position and the assessment record showed payment under section 28. en-us Tue, 10 Aug 2010 00:00:00 +0530 Wed, 04 May 2016 14:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182183 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for acquired agricultural land is treated as an accretion to the compensation itself, not as separate delayed-payment interest under section 34. On that basis, where the enhanced compensation is exempt under section 10(37) of the Income-tax Act, the section 28 receipt also retains the same exempt character. The Revenue's objections that the appellate authority mischaracterised the receipt and that the assessee was bound by an earlier stand were rejected, since the correct legal position and the assessment record showed payment under section 28. Case-Laws Income Tax Tue, 10 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182183