https://www.taxtmi.com/caselaws?id=767138 Interest received on enhanced compensation for compulsory acquisition of agricultural land was treated as part of the compensation where it arose under section 28 of the Land Acquisition Act, 1894. On that basis, and because the underlying land was covered by the agricultural land exemption, the receipt retained the character of enhanced compensation rather than a separate revenue item. The amendment introducing taxation of interest under section 56(2)(viii) did not displace the exemption applicable to such compensation. The addition was therefore unsustainable and was deleted. en-us Fri, 07 Mar 2025 00:00:00 +0530 Tue, 11 Mar 2025 08:33:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767138 Interest received on enhanced compensation for compulsory acquisition of agricultural land was treated as part of the compensation where it arose under section 28 of the Land Acquisition Act, 1894. On that basis, and because the underlying land was covered by the agricultural land exemption, the receipt retained the character of enhanced compensation rather than a separate revenue item. The amendment introducing taxation of interest under section 56(2)(viii) did not displace the exemption applicable to such compensation. The addition was therefore unsustainable and was deleted. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767138