https://www.taxtmi.com/caselaws?id=193161 Interest received under section 28 of the Land Acquisition Act on enhanced compensation was treated as an accretion to the value of the acquired land and, on that basis, formed part of the compensation itself rather than separate taxable interest. The Tribunal distinguished this from interest under section 34, which has a different character. Because the principal enhanced compensation was already exempt under section 10(37) of the Income-tax Act, the section 28 interest inherited the same exempt character. The addition made by the assessing authority was therefore deleted, and the interest was not separately taxable. en-us Tue, 02 Feb 2016 00:00:00 +0530 Sat, 15 Jul 2017 15:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193161 Interest received under section 28 of the Land Acquisition Act on enhanced compensation was treated as an accretion to the value of the acquired land and, on that basis, formed part of the compensation itself rather than separate taxable interest. The Tribunal distinguished this from interest under section 34, which has a different character. Because the principal enhanced compensation was already exempt under section 10(37) of the Income-tax Act, the section 28 interest inherited the same exempt character. The addition made by the assessing authority was therefore deleted, and the interest was not separately taxable. Case-Laws Income Tax Tue, 02 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193161