https://www.taxtmi.com/caselaws?id=774035 Interest received on enhanced compensation for acquired land is taxable as income from other sources under the amended Income-tax Act framework. The post-amendment scheme introduced by Finance (No. 2) Act, 2009, read with section 145B and section 57(iv), governs such receipts in the year of receipt, and the earlier view treating the amount as exempt no longer applies. The distinction between compensation and interest in land acquisition matters was noted, but the tax treatment of the interest component was held to follow the amended provisions. The exempt-character argument was rejected. en-us Fri, 16 May 2025 00:00:00 +0530 Wed, 02 Jul 2025 08:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774035 Interest received on enhanced compensation for acquired land is taxable as income from other sources under the amended Income-tax Act framework. The post-amendment scheme introduced by Finance (No. 2) Act, 2009, read with section 145B and section 57(iv), governs such receipts in the year of receipt, and the earlier view treating the amount as exempt no longer applies. The distinction between compensation and interest in land acquisition matters was noted, but the tax treatment of the interest component was held to follow the amended provisions. The exempt-character argument was rejected. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774035