https://www.taxtmi.com/caselaws?id=285981 Interest awarded under section 28 of the Land Acquisition Act, 1894 was treated as an accretion to enhanced compensation for compulsory acquisition of agricultural land, not as independent interest income. Because the underlying compensation remained exempt under section 10(37) of the Income-tax Act, the receipt could not be assessed as income from other sources under sections 145A(b), 56(2)(viii) and 57(iv). The Tribunal applied binding Supreme Court and coordinate bench rulings and held that later statutory amendments did not change the character of the amount on these facts, so the addition was deleted in favour of the assessee. en-us Thu, 31 Jan 2019 00:00:00 +0530 Thu, 06 Feb 2020 08:04:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285981 Interest awarded under section 28 of the Land Acquisition Act, 1894 was treated as an accretion to enhanced compensation for compulsory acquisition of agricultural land, not as independent interest income. Because the underlying compensation remained exempt under section 10(37) of the Income-tax Act, the receipt could not be assessed as income from other sources under sections 145A(b), 56(2)(viii) and 57(iv). The Tribunal applied binding Supreme Court and coordinate bench rulings and held that later statutory amendments did not change the character of the amount on these facts, so the addition was deleted in favour of the assessee. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285981