https://www.taxtmi.com/caselaws?id=764580 Interest received on compensation or enhanced compensation for compulsory acquisition of land is taxable as income from other sources under section 56(2)(viii) of the Income-tax Act, 1961 after the statutory amendment. The earlier view treating such interest as part of compensation under section 45(5) was distinguished, and interest awarded under sections 28 or 34 of the Land Acquisition Act, 1894 was held assessable in the assessee's hands as income from other sources. The addition was therefore sustained and the assessment was upheld. en-us Fri, 10 Jan 2025 00:00:00 +0530 Mon, 13 Jan 2025 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764580 Interest received on compensation or enhanced compensation for compulsory acquisition of land is taxable as income from other sources under section 56(2)(viii) of the Income-tax Act, 1961 after the statutory amendment. The earlier view treating such interest as part of compensation under section 45(5) was distinguished, and interest awarded under sections 28 or 34 of the Land Acquisition Act, 1894 was held assessable in the assessee's hands as income from other sources. The addition was therefore sustained and the assessment was upheld. Case-Laws Income Tax Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764580