https://www.taxtmi.com/caselaws?id=376710 Interest under section 28 of the Land Acquisition Act received on enhanced compensation for agricultural land was treated as part of the enhanced compensation and, therefore, as a capital receipt within section 45(5). The Tribunal held that exemption under section 10(37) was not denied merely because the amount was described as interest, where the compensation related to agricultural land. Applying the Supreme Court guidance to the facts, it concluded that the receipt was exempt in the assessee's hands and deleted the addition. en-us Fri, 08 Mar 2019 00:00:00 +0530 Fri, 15 Mar 2019 08:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376710 Interest under section 28 of the Land Acquisition Act received on enhanced compensation for agricultural land was treated as part of the enhanced compensation and, therefore, as a capital receipt within section 45(5). The Tribunal held that exemption under section 10(37) was not denied merely because the amount was described as interest, where the compensation related to agricultural land. Applying the Supreme Court guidance to the facts, it concluded that the receipt was exempt in the assessee's hands and deleted the addition. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376710