https://www.taxtmi.com/caselaws?id=374028 Interest received on enhanced compensation under section 28 of the Land Acquisition Act, 1894 was treated as taxable after the insertion of section 56(2)(viii) and section 57(1)(v) with effect from 01.04.2010, which settled its taxation as income from other sources. The Tribunal followed earlier binding and jurisdictional decisions and accepted that a proposed review petition did not affect the force of existing precedent. It therefore upheld the CIT(A)'s reliance on the latest Supreme Court and High Court rulings and sustained taxability of the amount. en-us Tue, 15 Jan 2019 00:00:00 +0530 Thu, 24 Jan 2019 07:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374028 Interest received on enhanced compensation under section 28 of the Land Acquisition Act, 1894 was treated as taxable after the insertion of section 56(2)(viii) and section 57(1)(v) with effect from 01.04.2010, which settled its taxation as income from other sources. The Tribunal followed earlier binding and jurisdictional decisions and accepted that a proposed review petition did not affect the force of existing precedent. It therefore upheld the CIT(A)'s reliance on the latest Supreme Court and High Court rulings and sustained taxability of the amount. Case-Laws Income Tax Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374028