https://www.taxtmi.com/caselaws?id=307133 A receipt described as interest under section 28 of the Land Acquisition Act, 1894 must be examined on its true factual character before deciding whether it forms part of enhanced compensation or taxable income under the head income from other sources. The ITAT Delhi held that the nature of the receipt required verification by the Assessing Officer in light of the applicable Supreme Court directions, so the matter was restored for fresh adjudication after giving the assessees a reasonable opportunity. No final tax treatment was determined at this stage, and the appeals succeeded only for statistical purposes. en-us Thu, 27 Sep 2018 00:00:00 +0530 Tue, 21 Mar 2023 20:19:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307133 A receipt described as interest under section 28 of the Land Acquisition Act, 1894 must be examined on its true factual character before deciding whether it forms part of enhanced compensation or taxable income under the head income from other sources. The ITAT Delhi held that the nature of the receipt required verification by the Assessing Officer in light of the applicable Supreme Court directions, so the matter was restored for fresh adjudication after giving the assessees a reasonable opportunity. No final tax treatment was determined at this stage, and the appeals succeeded only for statistical purposes. Case-Laws Income Tax Thu, 27 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307133