https://www.taxtmi.com/caselaws?id=461604 Interest on enhanced compensation under the Land Acquisition Act had to be bifurcated: the component under section 28 was compensatory in nature and not taxable as income from other sources, while the component attributable to delay in payment under section 34 was a revenue receipt and taxable. Treating the entire interest amount as taxable and allowing section 57 deduction on that full sum was legally incorrect. The matter was remanded for limited factual verification by the Assessing Officer, with only the delayed-payment component liable to tax, resulting in partial relief to the assessee. en-us Thu, 30 Mar 2023 00:00:00 +0530 Tue, 15 Apr 2025 19:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461604 Interest on enhanced compensation under the Land Acquisition Act had to be bifurcated: the component under section 28 was compensatory in nature and not taxable as income from other sources, while the component attributable to delay in payment under section 34 was a revenue receipt and taxable. Treating the entire interest amount as taxable and allowing section 57 deduction on that full sum was legally incorrect. The matter was remanded for limited factual verification by the Assessing Officer, with only the delayed-payment component liable to tax, resulting in partial relief to the assessee. Case-Laws Income Tax Thu, 30 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461604