https://www.taxtmi.com/caselaws?id=419993 Interest under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to the compensation itself, not a separate income stream. On that basis, it was held not taxable as income from other sources under section 56 of the Income-tax Act, 1961, and no tax deduction at source was required under section 194A. The Tribunal also accepted that compensation and enhanced compensation arising from compulsory acquisition of agricultural land fall within the capital gains exemption framework under section 10(37), and the assessee's additional grounds were allowed. en-us Tue, 22 Mar 2022 00:00:00 +0530 Wed, 23 Mar 2022 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419993 Interest under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to the compensation itself, not a separate income stream. On that basis, it was held not taxable as income from other sources under section 56 of the Income-tax Act, 1961, and no tax deduction at source was required under section 194A. The Tribunal also accepted that compensation and enhanced compensation arising from compulsory acquisition of agricultural land fall within the capital gains exemption framework under section 10(37), and the assessee's additional grounds were allowed. Case-Laws Income Tax Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419993