https://www.taxtmi.com/caselaws?id=307133 The ITAT directed Assessing Officers in multiple cases to determine if interest received under the Land Acquisition Act formed part of compensation, following legal precedents. The decision emphasized thorough assessment based on principles from key judgments, challenging the treatment of compensation as interest income under 'income from other sources.' The ITAT's rulings focused on aligning interpretations with established legal principles and ensuring proper evaluation of whether interest payments were integral to the compensation received. 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 The ITAT directed Assessing Officers in multiple cases to determine if interest received under the Land Acquisition Act formed part of compensation, following legal precedents. The decision emphasized thorough assessment based on principles from key judgments, challenging the treatment of compensation as interest income under 'income from other sources.' The ITAT's rulings focused on aligning interpretations with established legal principles and ensuring proper evaluation of whether interest payments were integral to the compensation received. Case-Laws Income Tax Thu, 27 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307133