https://www.taxtmi.com/caselaws?id=792767 Interest received on enhanced compensation under section 28 of the Land Acquisition Act is taxable as income from other sources under the amended Income-tax Act, with only the statutory deduction under section 57(iv) available; the Tribunal rejected the claim that it was exempt as part of compensation under section 10(37). The reassessment challenge also failed because the assessee participated in the proceedings, showed no prejudice, and established no incurable jurisdictional defect from the alleged non-compliance with section 144B(1)(iii) or non-supply of recorded reasons. The assessment and first appellate order were therefore upheld and the appeal was dismissed. en-us Mon, 01 Jun 2026 00:00:00 +0530 Wed, 03 Jun 2026 08:50:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792767 Interest received on enhanced compensation under section 28 of the Land Acquisition Act is taxable as income from other sources under the amended Income-tax Act, with only the statutory deduction under section 57(iv) available; the Tribunal rejected the claim that it was exempt as part of compensation under section 10(37). The reassessment challenge also failed because the assessee participated in the proceedings, showed no prejudice, and established no incurable jurisdictional defect from the alleged non-compliance with section 144B(1)(iii) or non-supply of recorded reasons. The assessment and first appellate order were therefore upheld and the appeal was dismissed. Case-Laws Income Tax Mon, 01 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792767