https://www.taxtmi.com/caselaws?id=423181 Interest received on enhanced compensation under section 28 of the Land Acquisition Act was treated as a revenue receipt taxable under the Income-tax Act as income from other sources. The reasoning followed the larger Bench view that such interest is distinct from exempt compensation, and the later authority relied on by the assessee did not displace that position. The amended provisions specifically taxing interest on compensation or enhanced compensation were applied to the receipt, so the assessee's claim to exemption under section 10(37) failed and the addition was sustained. en-us Thu, 12 May 2022 00:00:00 +0530 Tue, 31 May 2022 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423181 Interest received on enhanced compensation under section 28 of the Land Acquisition Act was treated as a revenue receipt taxable under the Income-tax Act as income from other sources. The reasoning followed the larger Bench view that such interest is distinct from exempt compensation, and the later authority relied on by the assessee did not displace that position. The amended provisions specifically taxing interest on compensation or enhanced compensation were applied to the receipt, so the assessee's claim to exemption under section 10(37) failed and the addition was sustained. Case-Laws Income Tax Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423181