https://www.taxtmi.com/caselaws?id=433077 Interest received on enhanced compensation under section 28 of the Land Acquisition Act was treated as taxable income from other sources under the post-amendment scheme. The Tribunal followed the jurisdictional High Court's view that section 145B(1) and section 56(2)(viii) specifically bring such interest to tax on receipt, with a corresponding deduction mechanism, and that the Supreme Court ruling in Ghanshyam did not govern the amended position. On that basis, the assessee's claim of exemption under section 10(37) was rejected and the addition was sustained. en-us Tue, 17 Jan 2023 00:00:00 +0530 Thu, 19 Jan 2023 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433077 Interest received on enhanced compensation under section 28 of the Land Acquisition Act was treated as taxable income from other sources under the post-amendment scheme. The Tribunal followed the jurisdictional High Court's view that section 145B(1) and section 56(2)(viii) specifically bring such interest to tax on receipt, with a corresponding deduction mechanism, and that the Supreme Court ruling in Ghanshyam did not govern the amended position. On that basis, the assessee's claim of exemption under section 10(37) was rejected and the addition was sustained. Case-Laws Income Tax Tue, 17 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433077