https://www.taxtmi.com/caselaws?id=337246 Amounts received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for acquisition of agricultural land were treated as part of compensation, not as interest for delay in payment under section 34. Applying Ghanshyam HUF, the section 28 component was held to be an accretion to market value and solatium, so later provisions taxing interest on compensation under sections 56(2)(viii) and 145A(b) did not change its character. As the land was agricultural land, the receipt remained exempt under section 10(37), and the addition as income from other sources was deleted. en-us Wed, 07 Dec 2016 00:00:00 +0530 Thu, 05 Jan 2017 09:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337246 Amounts received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for acquisition of agricultural land were treated as part of compensation, not as interest for delay in payment under section 34. Applying Ghanshyam HUF, the section 28 component was held to be an accretion to market value and solatium, so later provisions taxing interest on compensation under sections 56(2)(viii) and 145A(b) did not change its character. As the land was agricultural land, the receipt remained exempt under section 10(37), and the addition as income from other sources was deleted. Case-Laws Income Tax Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337246