https://www.taxtmi.com/caselaws?id=283635 Amounts awarded under section 28 of the Land Acquisition Act, 1894 on compulsory acquisition of agricultural land are treated as an accretion to the value of the land and part of enhanced compensation, not as ordinary interest. The distinction from section 34 is material because section 34 interest compensates for delay in payment, whereas section 28 is linked to compensation itself. On that basis, the receipt could not be taxed as income from other sources under section 56 of the Income-tax Act, 1961, and was to be regarded as compensation for tax treatment. en-us Tue, 17 Jul 2018 00:00:00 +0530 Fri, 04 Oct 2019 09:36:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283635 Amounts awarded under section 28 of the Land Acquisition Act, 1894 on compulsory acquisition of agricultural land are treated as an accretion to the value of the land and part of enhanced compensation, not as ordinary interest. The distinction from section 34 is material because section 34 interest compensates for delay in payment, whereas section 28 is linked to compensation itself. On that basis, the receipt could not be taxed as income from other sources under section 56 of the Income-tax Act, 1961, and was to be regarded as compensation for tax treatment. Case-Laws Income Tax Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283635