https://www.taxtmi.com/caselaws?id=288801 Compensation paid for acquisition of agricultural land was held not subject to tax deduction at source, including the component relatable to interest under Section 28 of the Land Acquisition Act, 1894. The governing distinction is that Section 28 interest is an accretion to enhanced compensation and forms part of the land value, while Section 34 interest is compensation for delay and does not receive the same treatment. Because the payment fell within the statutory exclusion applicable to agricultural land compensation, TDS could not be deducted and the impugned deduction was set aside. en-us Thu, 08 May 2014 00:00:00 +0530 Tue, 30 Jun 2020 11:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288801 Compensation paid for acquisition of agricultural land was held not subject to tax deduction at source, including the component relatable to interest under Section 28 of the Land Acquisition Act, 1894. The governing distinction is that Section 28 interest is an accretion to enhanced compensation and forms part of the land value, while Section 34 interest is compensation for delay and does not receive the same treatment. Because the payment fell within the statutory exclusion applicable to agricultural land compensation, TDS could not be deducted and the impugned deduction was set aside. Case-Laws Indian Laws Thu, 08 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288801