https://www.taxtmi.com/caselaws?id=368385 Interest on land acquisition compensation depends on its statutory character: interest under section 28 of the Land Acquisition Act is treated as part of enhanced compensation and is not taxable, while interest under section 34 for delayed payment is taxable as a revenue receipt. Because the record did not clearly show under which provision the interest was granted, the matter required limited factual verification by the Assessing Officer to determine the correct tax treatment. en-us Fri, 31 Aug 2018 00:00:00 +0530 Mon, 08 Oct 2018 07:32:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368385 Interest on land acquisition compensation depends on its statutory character: interest under section 28 of the Land Acquisition Act is treated as part of enhanced compensation and is not taxable, while interest under section 34 for delayed payment is taxable as a revenue receipt. Because the record did not clearly show under which provision the interest was granted, the matter required limited factual verification by the Assessing Officer to determine the correct tax treatment. Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368385