https://www.taxtmi.com/caselaws?id=306597 Interest under section 28 of the Land Acquisition Act was treated as an accretion to the value of the land and part of enhanced compensation, distinct from interest under section 34. On that basis, and in light of the settled line of Supreme Court authority, the assessment accepting the assessee's claim could not be branded erroneous merely because the Principal Commissioner preferred a different view under the amended provisions of section 56(2)(viii), section 57(iv) and section 145A(b). Since the compensation itself was exempt under section 10(37), revision under section 263 was held unsustainable. en-us Wed, 31 Oct 2018 00:00:00 +0530 Sat, 11 Feb 2023 09:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306597 Interest under section 28 of the Land Acquisition Act was treated as an accretion to the value of the land and part of enhanced compensation, distinct from interest under section 34. On that basis, and in light of the settled line of Supreme Court authority, the assessment accepting the assessee's claim could not be branded erroneous merely because the Principal Commissioner preferred a different view under the amended provisions of section 56(2)(viii), section 57(iv) and section 145A(b). Since the compensation itself was exempt under section 10(37), revision under section 263 was held unsustainable. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306597