https://www.taxtmi.com/caselaws?id=783566 Interest received on enhanced compensation for compulsory acquisition of agricultural land was held to be taxable as "income from other sources" under s.56(2)(viii), with taxation in the year of receipt mandated by s.145B(1). Relying on binding co-ordinate Bench precedent on materially identical facts, the Tribunal held that the exemption under s.10(37) does not extend to the interest component on compensation, and that TDS credit can be granted only if the corresponding income is offered to tax. Consequently, the addition sustaining taxation of 50% of such interest 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=783566 Interest received on enhanced compensation for compulsory acquisition of agricultural land was held to be taxable as "income from other sources" under s.56(2)(viii), with taxation in the year of receipt mandated by s.145B(1). Relying on binding co-ordinate Bench precedent on materially identical facts, the Tribunal held that the exemption under s.10(37) does not extend to the interest component on compensation, and that TDS credit can be granted only if the corresponding income is offered to tax. Consequently, the addition sustaining taxation of 50% of such interest 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=783566