https://www.taxtmi.com/caselaws?id=422021 Acquired land was supported by irrigated status, tubewells, trees, crops, jamabandi records, Form D and prior agricultural income returns, so it retained agricultural character and qualified for exemption under section 10(37). Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to compensation, not a separate taxable interest receipt. The assessment was therefore interfered with on both issues, and the assessee succeeded on exemption and on treatment of the enhanced compensation component. en-us Wed, 04 May 2022 00:00:00 +0530 Fri, 06 May 2022 08:32:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422021 Acquired land was supported by irrigated status, tubewells, trees, crops, jamabandi records, Form D and prior agricultural income returns, so it retained agricultural character and qualified for exemption under section 10(37). Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to compensation, not a separate taxable interest receipt. The assessment was therefore interfered with on both issues, and the assessee succeeded on exemption and on treatment of the enhanced compensation component. Case-Laws Income Tax Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422021