https://www.taxtmi.com/caselaws?id=445813 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsory acquisition of agricultural land was treated as an accretion to the compensation itself, not as independent interest income. The Tribunal held that this character meant the receipt fell within the exempt treatment applicable to enhanced compensation under section 10(37) of the Income-tax Act, 1961, and could not be assessed as income from other sources. The addition was therefore deleted. en-us Thu, 16 Nov 2023 00:00:00 +0530 Sun, 19 Nov 2023 21:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445813 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsory acquisition of agricultural land was treated as an accretion to the compensation itself, not as independent interest income. The Tribunal held that this character meant the receipt fell within the exempt treatment applicable to enhanced compensation under section 10(37) of the Income-tax Act, 1961, and could not be assessed as income from other sources. The addition was therefore deleted. Case-Laws Income Tax Thu, 16 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445813