https://www.taxtmi.com/caselaws?id=783567 Whether interest received on enhanced compensation for compulsory acquisition of rural agricultural land is exempt as part of compensation under s.10(37), or taxable as "Income from Other Sources," was decided. The ITAT held that the interest component (including interest stated to be under s.28 of the Land Acquisition Act) is specifically brought to tax by s.56(2)(viii) and is taxable in the year of receipt under s.145B(1); s.10(37) does not extend to such interest. It further held that TDS credit can be granted only if the corresponding income is offered to tax. The addition sustained by the lower appellate authority was affirmed and the appeal was dismissed. en-us Mon, 15 Dec 2025 00:00:00 +0530 Thu, 18 Dec 2025 08:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783567 Whether interest received on enhanced compensation for compulsory acquisition of rural agricultural land is exempt as part of compensation under s.10(37), or taxable as "Income from Other Sources," was decided. The ITAT held that the interest component (including interest stated to be under s.28 of the Land Acquisition Act) is specifically brought to tax by s.56(2)(viii) and is taxable in the year of receipt under s.145B(1); s.10(37) does not extend to such interest. It further held that TDS credit can be granted only if the corresponding income is offered to tax. The addition sustained by the lower appellate authority was affirmed and the appeal was dismissed. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783567