https://www.taxtmi.com/caselaws?id=439496 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsory acquisition of agricultural land is treated as part of the compensation itself, not as separate income from other sources. Where the conditions of section 10(37) of the Income-tax Act, 1961 are satisfied, such receipt is exempt in the hands of the individual recipient. The note relies on a coordinate bench view that section 28 interest retains the character of compensation, making any addition unsustainable. en-us Fri, 23 Jun 2023 00:00:00 +0530 Mon, 26 Jun 2023 08:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439496 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsory acquisition of agricultural land is treated as part of the compensation itself, not as separate income from other sources. Where the conditions of section 10(37) of the Income-tax Act, 1961 are satisfied, such receipt is exempt in the hands of the individual recipient. The note relies on a coordinate bench view that section 28 interest retains the character of compensation, making any addition unsustainable. Case-Laws Income Tax Fri, 23 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439496