https://www.taxtmi.com/caselaws?id=463086 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for acquisition of agricultural land is taxable as income from other sources after the amendment effective from 01.04.2010. The statutory scheme under sections 56(2)(viii) and 145B(1) brings such interest to tax in the year of receipt, and the exemption under section 10(37) applies only to capital gains from transfer of agricultural land, not to interest on compensation or enhanced compensation. Only the statutory deduction under section 57(iv) is available. en-us Fri, 02 Aug 2024 00:00:00 +0530 Tue, 05 Aug 2025 20:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463086 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation for acquisition of agricultural land is taxable as income from other sources after the amendment effective from 01.04.2010. The statutory scheme under sections 56(2)(viii) and 145B(1) brings such interest to tax in the year of receipt, and the exemption under section 10(37) applies only to capital gains from transfer of agricultural land, not to interest on compensation or enhanced compensation. Only the statutory deduction under section 57(iv) is available. Case-Laws Income Tax Fri, 02 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463086