https://www.taxtmi.com/caselaws?id=438990 Interest on enhanced compensation under section 28 of the Land Acquisition Act is treated as part of the compensation itself, not as income from other sources under section 56 of the Income-tax Act, 1961. On that characterisation, the obligation to deduct tax at source under section 194A does not arise. The discussion also notes that capital gains arising from compulsory acquisition of agricultural land may be exempt under section 10(37) of the Income-tax Act, 1961. Accordingly, the TDS demand under section 194A was held unsustainable and relief was granted to the assessee. en-us Tue, 16 May 2023 00:00:00 +0530 Wed, 14 Jun 2023 09:29:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438990 Interest on enhanced compensation under section 28 of the Land Acquisition Act is treated as part of the compensation itself, not as income from other sources under section 56 of the Income-tax Act, 1961. On that characterisation, the obligation to deduct tax at source under section 194A does not arise. The discussion also notes that capital gains arising from compulsory acquisition of agricultural land may be exempt under section 10(37) of the Income-tax Act, 1961. Accordingly, the TDS demand under section 194A was held unsustainable and relief was granted to the assessee. Case-Laws Income Tax Tue, 16 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438990