https://www.taxtmi.com/caselaws?id=463086 The ITAT Delhi held that interest received on enhanced compensation for land acquisition is taxable under section 56(2)(viii) read with section 145B(1) of the Act. The claim for exemption under section 10(37) was rejected, as that provision applies only to compensation and not to interest on compensation. The tribunal upheld the CIT(A)'s order directing recomputation of the interest income accordingly and allowing deductions under section 57(iv). The assessee's appeal was dismissed. en-us Fri, 02 Aug 2024 00:00:00 +0530 Tue, 05 Aug 2025 20:50:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463086 The ITAT Delhi held that interest received on enhanced compensation for land acquisition is taxable under section 56(2)(viii) read with section 145B(1) of the Act. The claim for exemption under section 10(37) was rejected, as that provision applies only to compensation and not to interest on compensation. The tribunal upheld the CIT(A)'s order directing recomputation of the interest income accordingly and allowing deductions under section 57(iv). The assessee's appeal was dismissed. Case-Laws Income Tax Fri, 02 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463086