https://www.taxtmi.com/caselaws?id=288812 Interest awarded as part of enhanced compensation under section 28 of the Land Acquisition Act was treated as part of the compensation and not as taxable income from other sources; the tax addition was deleted. A fresh claim to reduce assessed income was not entertained where the return had been filed belatedly under section 139(4) and no revised return was available, so the assessed income remained unchanged on that point. For long-term capital gains on inherited property, indexation was allowed from the year in which the previous owner acquired the asset, not from the year of devolution on the assessee. en-us Fri, 21 Apr 2017 00:00:00 +0530 Wed, 01 Jul 2020 08:04:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288812 Interest awarded as part of enhanced compensation under section 28 of the Land Acquisition Act was treated as part of the compensation and not as taxable income from other sources; the tax addition was deleted. A fresh claim to reduce assessed income was not entertained where the return had been filed belatedly under section 139(4) and no revised return was available, so the assessed income remained unchanged on that point. For long-term capital gains on inherited property, indexation was allowed from the year in which the previous owner acquired the asset, not from the year of devolution on the assessee. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288812