https://www.taxtmi.com/caselaws?id=363855 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to the value of the acquired land and part of the compensation itself, not as separate income from other sources. To the extent taxable, it was to be assessed on receipt basis, and the addition was unsustainable. The controversy over the taxability of such interest was also held to be debatable, so a purported error on that issue could not fall within the narrow scope of rectification under section 154 of the Income-tax Act, 1961. The additions were deleted. en-us Mon, 09 Jul 2018 00:00:00 +0530 Thu, 19 Jul 2018 06:09:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363855 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to the value of the acquired land and part of the compensation itself, not as separate income from other sources. To the extent taxable, it was to be assessed on receipt basis, and the addition was unsustainable. The controversy over the taxability of such interest was also held to be debatable, so a purported error on that issue could not fall within the narrow scope of rectification under section 154 of the Income-tax Act, 1961. The additions were deleted. Case-Laws Income Tax Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363855