https://www.taxtmi.com/caselaws?id=354684 Amounts awarded under section 23(1A), section 23(2) and section 28 of the Land Acquisition Act, 1894 are treated as part of enhanced compensation, whereas interest for delayed payment under section 34 is treated differently and may be taxable under the Income-tax Act, 1961. Because the record did not clearly show under which provision the impugned receipt was granted, the tax character of the amount could not be conclusively determined. The Assessing Officer was therefore required to re-examine the matter, identify the true nature of the receipt, and decide taxability afresh in accordance with law. en-us Mon, 29 Jan 2018 00:00:00 +0530 Fri, 02 Feb 2018 09:17:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354684 Amounts awarded under section 23(1A), section 23(2) and section 28 of the Land Acquisition Act, 1894 are treated as part of enhanced compensation, whereas interest for delayed payment under section 34 is treated differently and may be taxable under the Income-tax Act, 1961. Because the record did not clearly show under which provision the impugned receipt was granted, the tax character of the amount could not be conclusively determined. The Assessing Officer was therefore required to re-examine the matter, identify the true nature of the receipt, and decide taxability afresh in accordance with law. Case-Laws Income Tax Mon, 29 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354684