https://www.taxtmi.com/caselaws?id=356768 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation is treated as an accretion to the compensation itself, not as ordinary interest. Applying the Supreme Court principle in Ghanshyam (HUF), the analysis distinguishes section 28 receipts from interest under section 34 and concludes that section 28 forms part of enhanced compensation. The introduction of section 56(2)(viii) in the Income-tax Act, 1961 does not change that position for section 28 receipts, so such amounts are not taxable as interest under that provision. en-us Wed, 07 Mar 2018 00:00:00 +0530 Mon, 12 Mar 2018 05:47:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356768 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation is treated as an accretion to the compensation itself, not as ordinary interest. Applying the Supreme Court principle in Ghanshyam (HUF), the analysis distinguishes section 28 receipts from interest under section 34 and concludes that section 28 forms part of enhanced compensation. The introduction of section 56(2)(viii) in the Income-tax Act, 1961 does not change that position for section 28 receipts, so such amounts are not taxable as interest under that provision. Case-Laws Income Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356768