https://www.taxtmi.com/caselaws?id=308943 Interest received under section 28 of the Land Acquisition Act, 1894, on enhanced compensation for acquired agricultural land is treated as part of the compensation itself, not as separate delayed-payment interest. On that basis, it follows the tax treatment of the enhanced compensation and is exempt under section 10(37) of the Income-tax Act, 1961. The contrary approach of taxing it as income from other sources under section 56(2)(viii), with only partial relief under section 57(iv), is inconsistent with the statutory scheme and the settled judicial position. en-us Fri, 14 Oct 2022 00:00:00 +0530 Wed, 02 Aug 2023 21:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308943 Interest received under section 28 of the Land Acquisition Act, 1894, on enhanced compensation for acquired agricultural land is treated as part of the compensation itself, not as separate delayed-payment interest. On that basis, it follows the tax treatment of the enhanced compensation and is exempt under section 10(37) of the Income-tax Act, 1961. The contrary approach of taxing it as income from other sources under section 56(2)(viii), with only partial relief under section 57(iv), is inconsistent with the statutory scheme and the settled judicial position. Case-Laws Income Tax Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308943