https://www.taxtmi.com/caselaws?id=779508 Interest received on compensation or enhanced compensation arising from compulsory acquisition is chargeable to tax as income from other sources in the year of receipt under the amended scheme of Sections 56(2)(viii), 57(iv) and 145B of the Income-tax Act, 1961, with only the limited deduction permitted by law. The distinction between interest under Section 28 and Section 34 of the Land Acquisition Act, 1894 does not prevent taxation under the amended provisions. The article also notes that exemption under Section 10(37) is not available merely because the underlying land was agricultural, where the interest component is specifically brought to tax. 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 compensation or enhanced compensation arising from compulsory acquisition is chargeable to tax as income from other sources in the year of receipt under the amended scheme of Sections 56(2)(viii), 57(iv) and 145B of the Income-tax Act, 1961, with only the limited deduction permitted by law. The distinction between interest under Section 28 and Section 34 of the Land Acquisition Act, 1894 does not prevent taxation under the amended provisions. The article also notes that exemption under Section 10(37) is not available merely because the underlying land was agricultural, where the interest component is specifically brought to tax. Case-Laws Income Tax Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779508