https://www.taxtmi.com/caselaws?id=414355 The appeal was allowed in a case concerning the taxability of interest received on enhanced compensation for compulsory acquisition of agricultural land. The interest was deemed to be in the nature of compensation under Section 28 of the Land Acquisition Act, not taxable as interest under the Income Tax Act. Various judicial pronouncements supported this position, establishing that such interest is part of the enhanced compensation and not taxable separately. The order of the CIT(A) upholding the addition by the AO on interest was found unsustainable, leading to the decision in favor of the assessee. en-us Mon, 25 Oct 2021 00:00:00 +0530 Wed, 03 Nov 2021 09:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414355 The appeal was allowed in a case concerning the taxability of interest received on enhanced compensation for compulsory acquisition of agricultural land. The interest was deemed to be in the nature of compensation under Section 28 of the Land Acquisition Act, not taxable as interest under the Income Tax Act. Various judicial pronouncements supported this position, establishing that such interest is part of the enhanced compensation and not taxable separately. The order of the CIT(A) upholding the addition by the AO on interest was found unsustainable, leading to the decision in favor of the assessee. Case-Laws Income Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414355