https://www.taxtmi.com/caselaws?id=302108 Interest awarded under Section 28 of the Land Acquisition Act, 1894 on enhanced compensation is treated as an accretion to the compensation and not as separate interest under Section 34. On that characterisation, it falls within the tax regime for enhanced compensation under Section 45(5) of the Income-tax Act, 1961, with adjustment under Section 155(16). It is therefore taxable as compensation in the year of receipt, not on a year-to-year basis as interest. en-us Wed, 03 Oct 2012 00:00:00 +0530 Thu, 05 May 2022 12:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302108 Interest awarded under Section 28 of the Land Acquisition Act, 1894 on enhanced compensation is treated as an accretion to the compensation and not as separate interest under Section 34. On that characterisation, it falls within the tax regime for enhanced compensation under Section 45(5) of the Income-tax Act, 1961, with adjustment under Section 155(16). It is therefore taxable as compensation in the year of receipt, not on a year-to-year basis as interest. Case-Laws Income Tax Wed, 03 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302108