https://www.taxtmi.com/caselaws?id=785232 Interest on compensation or enhanced compensation for compulsory acquisition is treated as taxable income from other sources on receipt basis under the amended scheme of sections 56(2)(viii), 57(iv) and 145B(1), and the exemption under section 10(37) applies only to compensation itself, not to such interest. The note also states that a reassessment order made without proper inquiry into this tax treatment can be regarded as erroneous and prejudicial to the Revenue, bringing it within revisional jurisdiction 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 compensation or enhanced compensation for compulsory acquisition is treated as taxable income from other sources on receipt basis under the amended scheme of sections 56(2)(viii), 57(iv) and 145B(1), and the exemption under section 10(37) applies only to compensation itself, not to such interest. The note also states that a reassessment order made without proper inquiry into this tax treatment can be regarded as erroneous and prejudicial to the Revenue, bringing it within revisional jurisdiction 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