https://www.taxtmi.com/caselaws?id=5560 Interest received on delayed payment of land acquisition compensation is treated as a separate revenue receipt because it compensates for deprivation of the use of money, not as part of the compensation itself. The amended definition of "interest" in section 2(28A) does not exclude this category from taxability, and once characterised as income it falls within the charging provisions unless specifically exempted. The result stated is that such interest is chargeable to income-tax and does not qualify as exempt agricultural income. en-us Thu, 12 Sep 1996 00:00:00 +0530 Tue, 14 Oct 2025 20:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5560 Interest received on delayed payment of land acquisition compensation is treated as a separate revenue receipt because it compensates for deprivation of the use of money, not as part of the compensation itself. The amended definition of "interest" in section 2(28A) does not exclude this category from taxability, and once characterised as income it falls within the charging provisions unless specifically exempted. The result stated is that such interest is chargeable to income-tax and does not qualify as exempt agricultural income. Case-Laws Income Tax Thu, 12 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5560