https://www.taxtmi.com/caselaws?id=406746 Interest received on enhanced compensation for acquisition of agricultural land was treated as a capital receipt linked to the compensation itself, and on the facts presented it was not brought to tax. The addition could not be sustained because the first appellate authority did not provide a separate, reasoned basis for upholding it, and the receipt arose from the acquisition of agricultural land, which supported exemption in the present facts. The issue was therefore decided in favour of the assessee. en-us Fri, 16 Apr 2021 00:00:00 +0530 Thu, 22 Apr 2021 08:49:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406746 Interest received on enhanced compensation for acquisition of agricultural land was treated as a capital receipt linked to the compensation itself, and on the facts presented it was not brought to tax. The addition could not be sustained because the first appellate authority did not provide a separate, reasoned basis for upholding it, and the receipt arose from the acquisition of agricultural land, which supported exemption in the present facts. The issue was therefore decided in favour of the assessee. Case-Laws Income Tax Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406746