https://www.taxtmi.com/caselaws?id=302120 Interest received under section 28 of the Land Acquisition Act is to be examined as part of the compensation itself, not as separate interest income, whereas interest under section 34 is treated differently as interest for delayed payment. Applying this distinction, the receipt under section 28, if verified as such, is not taxable as income from other sources under section 56 of the Income-tax Act. The operative effect is that the tax treatment depends on the statutory source of the amount received, and a section 28 receipt is characterised as compensation rather than taxable interest. en-us Thu, 30 Jan 2020 00:00:00 +0530 Thu, 05 May 2022 20:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302120 Interest received under section 28 of the Land Acquisition Act is to be examined as part of the compensation itself, not as separate interest income, whereas interest under section 34 is treated differently as interest for delayed payment. Applying this distinction, the receipt under section 28, if verified as such, is not taxable as income from other sources under section 56 of the Income-tax Act. The operative effect is that the tax treatment depends on the statutory source of the amount received, and a section 28 receipt is characterised as compensation rather than taxable interest. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302120