https://www.taxtmi.com/caselaws?id=779508 Interest received on enhanced compensation for compulsorily acquired land is taxable as income from other sources in the year of receipt under the post-amendment framework. Sections 56(2)(viii), 145B and 57(iv) specifically tax interest on compensation or enhanced compensation while allowing a limited 50% deduction. Interest awarded under Section 28 of the Land Acquisition Act remains taxable notwithstanding that the acquired land was agricultural, and its character is not altered by the distinction from interest under Section 34. Exemption for the underlying agricultural land does not extend to such interest. en-us Fri, 26 Sep 2025 00:00:00 +0530 Tue, 07 Oct 2025 08:30:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779508 Interest received on enhanced compensation for compulsorily acquired land is taxable as income from other sources in the year of receipt under the post-amendment framework. Sections 56(2)(viii), 145B and 57(iv) specifically tax interest on compensation or enhanced compensation while allowing a limited 50% deduction. Interest awarded under Section 28 of the Land Acquisition Act remains taxable notwithstanding that the acquired land was agricultural, and its character is not altered by the distinction from interest under Section 34. Exemption for the underlying agricultural land does not extend to such interest. Case-Laws Income Tax Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779508