https://www.taxtmi.com/caselaws?id=387437 Amounts awarded under section 28 of the Land Acquisition Act, 1894, on enhanced compensation are treated as part of the compensation itself and not as separate interest income. Applied to acquisition of agricultural land, the receipt is considered in the context of capital gains and the exemption under section 10(37) of the Income-tax Act, 1961. Following the settled coordinate-bench view, the Tribunal treated the section 28 amount as compensation in the assessee's hands rather than taxable interest. en-us Fri, 18 Oct 2019 00:00:00 +0530 Wed, 23 Oct 2019 14:27:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387437 Amounts awarded under section 28 of the Land Acquisition Act, 1894, on enhanced compensation are treated as part of the compensation itself and not as separate interest income. Applied to acquisition of agricultural land, the receipt is considered in the context of capital gains and the exemption under section 10(37) of the Income-tax Act, 1961. Following the settled coordinate-bench view, the Tribunal treated the section 28 amount as compensation in the assessee's hands rather than taxable interest. Case-Laws Income Tax Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387437