https://www.taxtmi.com/caselaws?id=397118 Interest attributable to section 28 of the Land Acquisition Act was required to be examined under the compensation framework, not taxed on the same footing as interest for delayed payment under section 34. The Tribunal applied the governing Supreme Court distinction between compensation-linked interest and delayed-payment interest, and held that the revenue's approach could not stand without verifying the relevant calculations and the applicability of those decisions. The addition was set aside and the matter remanded for fresh consideration after giving the assessee an opportunity of hearing. en-us Fri, 26 Jun 2020 00:00:00 +0530 Wed, 05 Aug 2020 09:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397118 Interest attributable to section 28 of the Land Acquisition Act was required to be examined under the compensation framework, not taxed on the same footing as interest for delayed payment under section 34. The Tribunal applied the governing Supreme Court distinction between compensation-linked interest and delayed-payment interest, and held that the revenue's approach could not stand without verifying the relevant calculations and the applicability of those decisions. The addition was set aside and the matter remanded for fresh consideration after giving the assessee an opportunity of hearing. Case-Laws Income Tax Fri, 26 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397118