https://www.taxtmi.com/caselaws?id=768475 After insertion of section 56(2)(viii) of the Income-tax Act, 1961, interest received on compensation or enhanced compensation from compulsory land acquisition is chargeable as income from other sources. The Tribunal followed later High Court decisions and distinguished pre-amendment authorities, holding that the tax treatment applies whether the interest is referable to section 28 or section 34 of the Land Acquisition Act, 1894. The assessee's challenge therefore failed, and the assessment sustaining tax on the interest was upheld. en-us Fri, 07 Mar 2025 00:00:00 +0530 Tue, 08 Apr 2025 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768475 After insertion of section 56(2)(viii) of the Income-tax Act, 1961, interest received on compensation or enhanced compensation from compulsory land acquisition is chargeable as income from other sources. The Tribunal followed later High Court decisions and distinguished pre-amendment authorities, holding that the tax treatment applies whether the interest is referable to section 28 or section 34 of the Land Acquisition Act, 1894. The assessee's challenge therefore failed, and the assessment sustaining tax on the interest was upheld. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768475