https://www.taxtmi.com/caselaws?id=786908 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to the compensation itself, not as separate taxable interest income under section 56(2)(viii) of the Income-tax Act, 1961, so the addition was not sustainable. The document also states that the penalty under section 271(1)(c) could not survive once the underlying addition failed, particularly where the amount had been disclosed and claimed as exempt. On that basis, the substantive addition and the connected concealment penalty were both vacated, giving complete relief to the assessee. en-us Thu, 19 Feb 2026 00:00:00 +0530 Wed, 18 Mar 2026 13:04:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786908 Interest awarded under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to the compensation itself, not as separate taxable interest income under section 56(2)(viii) of the Income-tax Act, 1961, so the addition was not sustainable. The document also states that the penalty under section 271(1)(c) could not survive once the underlying addition failed, particularly where the amount had been disclosed and claimed as exempt. On that basis, the substantive addition and the connected concealment penalty were both vacated, giving complete relief to the assessee. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786908