https://www.taxtmi.com/caselaws?id=404391 Interest awarded under section 28 of the Land Acquisition Act on compulsory acquisition of agricultural land was treated as an accretion to enhanced compensation, not as independent interest income. Because the underlying compensation was exempt under section 10(37) of the Income-tax Act, the section 28 amount was also held to form part of the exempt compensation and not income chargeable under section 56. The addition as income from other sources was therefore not sustained. en-us Wed, 23 Dec 2020 00:00:00 +0530 Tue, 23 Feb 2021 09:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404391 Interest awarded under section 28 of the Land Acquisition Act on compulsory acquisition of agricultural land was treated as an accretion to enhanced compensation, not as independent interest income. Because the underlying compensation was exempt under section 10(37) of the Income-tax Act, the section 28 amount was also held to form part of the exempt compensation and not income chargeable under section 56. The addition as income from other sources was therefore not sustained. Case-Laws Income Tax Wed, 23 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404391