https://www.taxtmi.com/caselaws?id=422796 Interest awarded under section 28 of the Land Acquisition Act, 1894 for delayed payment of enhanced compensation on compulsorily acquired agricultural land is treated as an accretion to compensation rather than independent interest income. It therefore does not fall under income from other sources and follows the tax treatment of the underlying compensation. Where the conditions for exemption of compensation for acquired agricultural land are met, the section 28 interest is eligible for exemption under section 10(37) of the Income-tax Act, 1961. The corresponding addition is liable to be deleted. en-us Thu, 28 Apr 2022 00:00:00 +0530 Mon, 23 May 2022 08:14:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422796 Interest awarded under section 28 of the Land Acquisition Act, 1894 for delayed payment of enhanced compensation on compulsorily acquired agricultural land is treated as an accretion to compensation rather than independent interest income. It therefore does not fall under income from other sources and follows the tax treatment of the underlying compensation. Where the conditions for exemption of compensation for acquired agricultural land are met, the section 28 interest is eligible for exemption under section 10(37) of the Income-tax Act, 1961. The corresponding addition is liable to be deleted. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422796