https://www.taxtmi.com/caselaws?id=433944 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation is treated as an accretion to the value of the acquired land and forms part of compensation, not as separate interest income. Section 28 is distinct from section 34, which covers delay in payment after compensation is determined. Relying on Ghanshyam (HUF) and Rupesh Rashmikant Shah, the text states that the amendments introducing section 56(2)(viii) and section 145A(b) did not change this character. Accordingly, such interest is not taxable as income from other sources and the addition was unsustainable. en-us Thu, 09 Feb 2023 00:00:00 +0530 Tue, 14 Feb 2023 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433944 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation is treated as an accretion to the value of the acquired land and forms part of compensation, not as separate interest income. Section 28 is distinct from section 34, which covers delay in payment after compensation is determined. Relying on Ghanshyam (HUF) and Rupesh Rashmikant Shah, the text states that the amendments introducing section 56(2)(viii) and section 145A(b) did not change this character. Accordingly, such interest is not taxable as income from other sources and the addition was unsustainable. Case-Laws Income Tax Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433944