https://www.taxtmi.com/caselaws?id=430024 Interest awarded under section 28 of the Land Acquisition Act on enhanced compensation for compulsory acquisition of agricultural land was treated as an integral part of the compensation itself. Following coordinate bench reasoning, it was characterised as a capital receipt and not independent income from other sources; accordingly, it fell within the exemption under section 10(37) of the Income-tax Act, 1961. The addition was deleted and the assessee's claim succeeded on this issue. en-us Wed, 21 Sep 2022 00:00:00 +0530 Wed, 09 Nov 2022 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430024 Interest awarded under section 28 of the Land Acquisition Act on enhanced compensation for compulsory acquisition of agricultural land was treated as an integral part of the compensation itself. Following coordinate bench reasoning, it was characterised as a capital receipt and not independent income from other sources; accordingly, it fell within the exemption under section 10(37) of the Income-tax Act, 1961. The addition was deleted and the assessee's claim succeeded on this issue. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430024