https://www.taxtmi.com/caselaws?id=407851 Interest awarded under section 28 of the Land Acquisition Act, 1894 on compulsory acquisition of agricultural land was treated as an accretion to enhanced compensation, not as separate interest income assessable under sections 56 and 145A(b) of the Income-tax Act, 1961. Because the compensation itself was exempt under section 10(37), the related addition could not be sustained. The penalty under section 271(1)(c) also could not survive, as it rested entirely on the deleted quantum addition and no independent basis for concealment or inaccurate particulars was found. en-us Mon, 17 May 2021 00:00:00 +0530 Mon, 24 May 2021 08:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407851 Interest awarded under section 28 of the Land Acquisition Act, 1894 on compulsory acquisition of agricultural land was treated as an accretion to enhanced compensation, not as separate interest income assessable under sections 56 and 145A(b) of the Income-tax Act, 1961. Because the compensation itself was exempt under section 10(37), the related addition could not be sustained. The penalty under section 271(1)(c) also could not survive, as it rested entirely on the deleted quantum addition and no independent basis for concealment or inaccurate particulars was found. Case-Laws Income Tax Mon, 17 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407851