https://www.taxtmi.com/caselaws?id=447021 Interest received on enhanced compensation under section 28 of the Land Acquisition Act was treated as a revenue receipt taxable under the Income-tax Act, 1961, rather than as an inseparable part of compensation. The Tribunal applied the controlling larger-bench authority on the facts before it and rejected the contention that such interest was not separately taxable. The additions made under the relevant income-tax provisions were therefore upheld, and the issue was decided in favour of the Revenue. en-us Wed, 13 Dec 2023 00:00:00 +0530 Fri, 15 Dec 2023 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447021 Interest received on enhanced compensation under section 28 of the Land Acquisition Act was treated as a revenue receipt taxable under the Income-tax Act, 1961, rather than as an inseparable part of compensation. The Tribunal applied the controlling larger-bench authority on the facts before it and rejected the contention that such interest was not separately taxable. The additions made under the relevant income-tax provisions were therefore upheld, and the issue was decided in favour of the Revenue. Case-Laws Income Tax Wed, 13 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447021