https://www.taxtmi.com/caselaws?id=751227 Interest received on compensation or enhanced compensation under the Land Acquisition Act, 1894 is brought to tax as income from other sources after the Finance (No. 2) Act, 2009 amendment. The statutory scheme under Section 56(2)(viii), read with Section 145B, specifically includes such interest within taxable income, while Section 28 concerns interest on excess compensation and Section 34 concerns interest for delay in payment. Earlier pre-amendment authority was held inapplicable to the post-amendment regime, and the later precedent did not address the effect of the 2010 change in taxability. The interest was therefore treated as taxable and not exempt as part of compensation. en-us Mon, 08 Apr 2024 00:00:00 +0530 Fri, 26 Dec 2025 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751227 Interest received on compensation or enhanced compensation under the Land Acquisition Act, 1894 is brought to tax as income from other sources after the Finance (No. 2) Act, 2009 amendment. The statutory scheme under Section 56(2)(viii), read with Section 145B, specifically includes such interest within taxable income, while Section 28 concerns interest on excess compensation and Section 34 concerns interest for delay in payment. Earlier pre-amendment authority was held inapplicable to the post-amendment regime, and the later precedent did not address the effect of the 2010 change in taxability. The interest was therefore treated as taxable and not exempt as part of compensation. Case-Laws Income Tax Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751227