https://www.taxtmi.com/caselaws?id=276703 Interest awarded under Section 28 of the Land Acquisition Act was treated as compensation for compulsory deprivation of possession, measured by reference to interest but not arising from any investment, business, or definite source of revenue. The receipt was characterised as damages for loss of the owner's right to retain the property, not as income, profits or gains under the Income-tax Act. On that basis, the amount was held not taxable, and the exemption argument did not alter the result. en-us Tue, 15 Oct 1940 00:00:00 +0530 Fri, 16 Nov 2018 10:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276703 Interest awarded under Section 28 of the Land Acquisition Act was treated as compensation for compulsory deprivation of possession, measured by reference to interest but not arising from any investment, business, or definite source of revenue. The receipt was characterised as damages for loss of the owner's right to retain the property, not as income, profits or gains under the Income-tax Act. On that basis, the amount was held not taxable, and the exemption argument did not alter the result. Case-Laws Income Tax Tue, 15 Oct 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276703