https://www.taxtmi.com/caselaws?id=278303 Interest received under section 28 of the Land Acquisition Act, 1894 on compensation or enhanced compensation was treated as taxable in the year of receipt because section 56(2)(viii), read with section 145A(b), deems such interest to be income of the year in which it is received. Following the jurisdictional High Court decision in Manjeet Singh (HUF), the addition was upheld and the amount was held chargeable to tax against the assessee. en-us Fri, 09 Jun 2017 00:00:00 +0530 Thu, 24 Jan 2019 07:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278303 Interest received under section 28 of the Land Acquisition Act, 1894 on compensation or enhanced compensation was treated as taxable in the year of receipt because section 56(2)(viii), read with section 145A(b), deems such interest to be income of the year in which it is received. Following the jurisdictional High Court decision in Manjeet Singh (HUF), the addition was upheld and the amount was held chargeable to tax against the assessee. Case-Laws Income Tax Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278303