https://www.taxtmi.com/caselaws?id=386659 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsory acquisition of agricultural land was treated as an accretion to the value of the land and therefore part of the enhanced compensation itself. Applying the Supreme Court distinction between section 28 interest and interest for delayed payment, the Tribunal held that the amended provisions of sections 56(2)(viii), 57(iv) and 145A(b) of the Income-tax Act, 1961 did not change the character of such receipts. The receipt remained exempt under section 10(37) and was not taxable as income from other sources under section 56(2)(viii). en-us Mon, 30 Sep 2019 00:00:00 +0530 Fri, 04 Oct 2019 11:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386659 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsory acquisition of agricultural land was treated as an accretion to the value of the land and therefore part of the enhanced compensation itself. Applying the Supreme Court distinction between section 28 interest and interest for delayed payment, the Tribunal held that the amended provisions of sections 56(2)(viii), 57(iv) and 145A(b) of the Income-tax Act, 1961 did not change the character of such receipts. The receipt remained exempt under section 10(37) and was not taxable as income from other sources under section 56(2)(viii). Case-Laws Income Tax Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386659