https://www.taxtmi.com/caselaws?id=379948 Interest received under section 28 of the Land Acquisition Act on enhanced compensation for acquired agricultural land was treated as part of the compensation itself, not as separate taxable interest income. Applying the settled position that additional amount, solatium and section 28 interest form part of enhanced compensation, the receipt was brought within the exemption for capital gains arising from transfer of agricultural land under section 10(37) of the Income-tax Act, 1961. The Revenue's attempt to tax it under sections 56(2)(viii), 57(iv) and 145A was rejected, and the addition was deleted. en-us Thu, 14 Mar 2019 00:00:00 +0530 Thu, 09 May 2019 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379948 Interest received under section 28 of the Land Acquisition Act on enhanced compensation for acquired agricultural land was treated as part of the compensation itself, not as separate taxable interest income. Applying the settled position that additional amount, solatium and section 28 interest form part of enhanced compensation, the receipt was brought within the exemption for capital gains arising from transfer of agricultural land under section 10(37) of the Income-tax Act, 1961. The Revenue's attempt to tax it under sections 56(2)(viii), 57(iv) and 145A was rejected, and the addition was deleted. Case-Laws Income Tax Thu, 14 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379948