https://www.taxtmi.com/caselaws?id=467243 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to the compensation itself, not as separate interest simpliciter. On that basis, it was distinguished from interest under section 34, which relates to delayed payment. Because the receipt arose from compulsory acquisition of agricultural land and was received after section 10(37) of the Income-tax Act, 1961 had come into force, the exemption for compensation from such acquisition was applied. The later provisions taxing interest on compensation as income from other sources were held not to govern the assessment year in question, and the addition was deleted. en-us Wed, 24 Sep 2025 00:00:00 +0530 Wed, 11 Mar 2026 19:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467243 Interest received under section 28 of the Land Acquisition Act, 1894 on enhanced compensation was treated as an accretion to the compensation itself, not as separate interest simpliciter. On that basis, it was distinguished from interest under section 34, which relates to delayed payment. Because the receipt arose from compulsory acquisition of agricultural land and was received after section 10(37) of the Income-tax Act, 1961 had come into force, the exemption for compensation from such acquisition was applied. The later provisions taxing interest on compensation as income from other sources were held not to govern the assessment year in question, and the addition was deleted. Case-Laws Income Tax Wed, 24 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467243