https://www.taxtmi.com/caselaws?id=774684 Amounts awarded under section 23(1A) of the Land Acquisition Act, 1894 form part of the compensation package for compulsory acquisition and are distinct from interest under sections 28 and 34. The Tribunal noted that such an amount, even though calculated at a specified percentage, cannot be recharacterised as taxable interest merely on that basis. Because the revision under section 263 of the Income-tax Act, 1961 rested on that incorrect characterisation, the premise for invoking revision failed and the revisional order was not sustainable. en-us Wed, 09 Jul 2025 00:00:00 +0530 Sat, 12 Jul 2025 08:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774684 Amounts awarded under section 23(1A) of the Land Acquisition Act, 1894 form part of the compensation package for compulsory acquisition and are distinct from interest under sections 28 and 34. The Tribunal noted that such an amount, even though calculated at a specified percentage, cannot be recharacterised as taxable interest merely on that basis. Because the revision under section 263 of the Income-tax Act, 1961 rested on that incorrect characterisation, the premise for invoking revision failed and the revisional order was not sustainable. Case-Laws Income Tax Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774684