https://www.taxtmi.com/caselaws?id=445692 Interest under section 28 of the Land Acquisition Act, 1894, received with enhanced compensation and solatium for compulsory acquisition of rural agricultural land, was treated as part of the compensation itself and not as income from other sources. As no interest was awarded under section 34 of that Act, the receipt did not fall within section 56 of the Income-tax Act, 1961. The restriction of relief to 50% had no legal basis on the facts stated, and the assessee succeeded on the taxability issue. en-us Fri, 10 Nov 2023 00:00:00 +0530 Thu, 16 Nov 2023 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445692 Interest under section 28 of the Land Acquisition Act, 1894, received with enhanced compensation and solatium for compulsory acquisition of rural agricultural land, was treated as part of the compensation itself and not as income from other sources. As no interest was awarded under section 34 of that Act, the receipt did not fall within section 56 of the Income-tax Act, 1961. The restriction of relief to 50% had no legal basis on the facts stated, and the assessee succeeded on the taxability issue. Case-Laws Income Tax Fri, 10 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445692