https://www.taxtmi.com/caselaws?id=367732 Interest awarded under section 28 of the Land Acquisition Act, 1894 on compulsory acquisition of agricultural land is treated as part of enhanced compensation, not as ordinary interest income. On that basis, the receipt is not taxable under section 56(2)(viii) read with section 145A(b) of the Income-tax Act, 1961. The amount also falls within the exemption available for compensation arising from compulsory acquisition of agricultural land under section 10(37) of the Income-tax Act, 1961. Accordingly, the addition was unsustainable. 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 Interest awarded under section 28 of the Land Acquisition Act, 1894 on compulsory acquisition of agricultural land is treated as part of enhanced compensation, not as ordinary interest income. On that basis, the receipt is not taxable under section 56(2)(viii) read with section 145A(b) of the Income-tax Act, 1961. The amount also falls within the exemption available for compensation arising from compulsory acquisition of agricultural land under section 10(37) of the Income-tax Act, 1961. Accordingly, the addition was unsustainable. Case-Laws Income Tax Thu, 20 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367732