https://www.taxtmi.com/caselaws?id=367732 The Tribunal held that interest received under Section 28 of the Land Acquisition Act is part of compensation and not taxable as interest income. Relying on legal precedents, including decisions by the Hon'ble Apex Court and the Hon'ble Gujarat High Court, the Tribunal dismissed the revenue's appeals and allowed the assessee's appeal. The Tribunal affirmed the CIT (A)'s decision to grant exemption under Section 10(37) of the Act for the interest received under Section 28. en-us Thu, 20 Sep 2018 00:00:00 +0530 Tue, 25 Sep 2018 08:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367732 The Tribunal held that interest received under Section 28 of the Land Acquisition Act is part of compensation and not taxable as interest income. Relying on legal precedents, including decisions by the Hon'ble Apex Court and the Hon'ble Gujarat High Court, the Tribunal dismissed the revenue's appeals and allowed the assessee's appeal. The Tribunal affirmed the CIT (A)'s decision to grant exemption under Section 10(37) of the Act for the interest received under Section 28. Case-Laws Income Tax Thu, 20 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367732