https://www.taxtmi.com/caselaws?id=461030 Amount received under section 28 of the Land Acquisition Act, 1894 on enhancement of compensation for acquired agricultural land retains the character of enhanced compensation. The distinction between section 28 and section 34 is decisive: section 28 is linked to the increased value of the land and is not taxable as interest under section 56(2)(viii), while section 34 relates to interest for delay in payment after compensation is determined. Accordingly, the section 28 amount is exempt under section 10(37) of the Income-tax Act, 1961. en-us Mon, 27 Apr 2020 00:00:00 +0530 Fri, 07 Mar 2025 19:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461030 Amount received under section 28 of the Land Acquisition Act, 1894 on enhancement of compensation for acquired agricultural land retains the character of enhanced compensation. The distinction between section 28 and section 34 is decisive: section 28 is linked to the increased value of the land and is not taxable as interest under section 56(2)(viii), while section 34 relates to interest for delay in payment after compensation is determined. Accordingly, the section 28 amount is exempt under section 10(37) of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 27 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461030