https://www.taxtmi.com/highlights?id=95051 ITAT allowed the assessee's appeal, holding that interest received on enhanced compensation for compulsory acquisition of agricultural land, awarded under s.28 of the Land Acquisition Act, is in the nature of compensation and forms part of the full value of consideration for such compulsory acquisition. Consequently, the amount is eligible for exemption under s.10(37) of the Income-tax Act. The Tribunal held that provisions of s.56(2)(viii) read with s.145B are inapplicable in such circumstances and directed deletion of the addition made by the AO. en-us Mon, 15 Dec 2025 08:39:22 +0530 Mon, 15 Dec 2025 08:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=95051 ITAT allowed the assessee's appeal, holding that interest received on enhanced compensation for compulsory acquisition of agricultural land, awarded under s.28 of the Land Acquisition Act, is in the nature of compensation and forms part of the full value of consideration for such compulsory acquisition. Consequently, the amount is eligible for exemption under s.10(37) of the Income-tax Act. The Tribunal held that provisions of s.56(2)(viii) read with s.145B are inapplicable in such circumstances and directed deletion of the addition made by the AO. Highlights Income Tax Mon, 15 Dec 2025 08:39:22 +0530 https://www.taxtmi.com/highlights?id=95051