https://www.taxtmi.com/caselaws?id=283909 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an integral part of the compensation and not as a separate revenue receipt. The Tribunal followed the settled position that such section 28 interest retains the character of compensation, and held that the insertion of section 56(2)(viii) of the Income-tax Act, 1961 did not alter that position on the facts before it. The addition was deleted, and the assessee's relief was upheld. en-us Fri, 09 Aug 2019 00:00:00 +0530 Sun, 20 Oct 2019 15:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283909 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an integral part of the compensation and not as a separate revenue receipt. The Tribunal followed the settled position that such section 28 interest retains the character of compensation, and held that the insertion of section 56(2)(viii) of the Income-tax Act, 1961 did not alter that position on the facts before it. The addition was deleted, and the assessee's relief was upheld. Case-Laws Income Tax Fri, 09 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283909