https://www.taxtmi.com/caselaws?id=366606 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsory acquisition of agricultural land was treated as part of the compensation itself. Because the land was agricultural land and the conditions for exemption were satisfied, the amount was held to fall within section 10(37) of the Income-tax Act, 1961. The Tribunal also applied the view that section 145A(b) and section 56(2)(viii) do not change the character of section 28 interest for this purpose, so the receipt was not taxable as income from other sources. en-us Fri, 20 Jul 2018 00:00:00 +0530 Fri, 07 Sep 2018 08:37:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366606 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsory acquisition of agricultural land was treated as part of the compensation itself. Because the land was agricultural land and the conditions for exemption were satisfied, the amount was held to fall within section 10(37) of the Income-tax Act, 1961. The Tribunal also applied the view that section 145A(b) and section 56(2)(viii) do not change the character of section 28 interest for this purpose, so the receipt was not taxable as income from other sources. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366606