https://www.taxtmi.com/caselaws?id=422766 The tribunal upheld the taxability of interest income on enhanced land acquisition compensation under Section 56(2)(viii) read with Section 145A(b) of the Income Tax Act, 1961. Despite the assessee's reliance on judicial precedents, the tribunal emphasized the legislative amendment in 2009 explicitly treating such interest income as taxable. The tribunal dismissed the appeal, affirming that the interest income is taxable regardless of earlier judicial decisions, with the order pronounced on 28th April 2022. en-us Thu, 28 Apr 2022 00:00:00 +0530 Sat, 21 May 2022 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422766 The tribunal upheld the taxability of interest income on enhanced land acquisition compensation under Section 56(2)(viii) read with Section 145A(b) of the Income Tax Act, 1961. Despite the assessee's reliance on judicial precedents, the tribunal emphasized the legislative amendment in 2009 explicitly treating such interest income as taxable. The tribunal dismissed the appeal, affirming that the interest income is taxable regardless of earlier judicial decisions, with the order pronounced on 28th April 2022. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422766