https://www.taxtmi.com/caselaws?id=350491 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to the compensation amount, but the amended Income-tax Act, 1961 brought such receipts within the tax net. Applying the Supreme Court and jurisdictional High Court authorities, the ITAT Delhi held that this interest does not retain exemption merely because it arises from land acquisition. It is taxable as income from other sources under the post-amendment scheme and not as exempt compensation. en-us Wed, 11 Oct 2017 00:00:00 +0530 Tue, 07 Nov 2017 06:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350491 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to the compensation amount, but the amended Income-tax Act, 1961 brought such receipts within the tax net. Applying the Supreme Court and jurisdictional High Court authorities, the ITAT Delhi held that this interest does not retain exemption merely because it arises from land acquisition. It is taxable as income from other sources under the post-amendment scheme and not as exempt compensation. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350491