https://www.taxtmi.com/caselaws?id=302120 The ITAT Delhi ruled in favor of the assessee, holding that interest received under section 28 of the Land Acquisition Act should be treated as compensation and not taxable as income from other sources. The court directed the Assessing Officer to verify if the interest was received under section 28 and treat it as compensation accordingly. This decision clarified the assessability of interest on compensation/enhanced compensation under the Land Acquisition Act, settling the dispute between the parties and emphasizing the distinction between interest and compensation for tax purposes. 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 The ITAT Delhi ruled in favor of the assessee, holding that interest received under section 28 of the Land Acquisition Act should be treated as compensation and not taxable as income from other sources. The court directed the Assessing Officer to verify if the interest was received under section 28 and treat it as compensation accordingly. This decision clarified the assessability of interest on compensation/enhanced compensation under the Land Acquisition Act, settling the dispute between the parties and emphasizing the distinction between interest and compensation for tax purposes. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302120