https://www.taxtmi.com/caselaws?id=785232 Interest on enhanced compensation for compulsory acquisition is treated, after the 2010 amendment, as income from other sources taxable on receipt under sections 56(2)(viii) and 145B(1). Section 10(37) exempts compulsory-acquisition compensation but does not extend to interest on that compensation; the related exemption claim therefore fails. An assessment or reassessment made without proper inquiry into this statutory treatment and binding precedent is erroneous and prejudicial to Revenue, permitting revision under section 263, including Explanation 2 to section 263(1). en-us Fri, 16 Jan 2026 00:00:00 +0530 Tue, 20 Jan 2026 06:31:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785232 Interest on enhanced compensation for compulsory acquisition is treated, after the 2010 amendment, as income from other sources taxable on receipt under sections 56(2)(viii) and 145B(1). Section 10(37) exempts compulsory-acquisition compensation but does not extend to interest on that compensation; the related exemption claim therefore fails. An assessment or reassessment made without proper inquiry into this statutory treatment and binding precedent is erroneous and prejudicial to Revenue, permitting revision under section 263, including Explanation 2 to section 263(1). Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785232