https://www.taxtmi.com/caselaws?id=469811 Interest on enhanced compensation under section 28 of the Land Acquisition Act forms part of compensation and is taxable under section 45(5) of the Income-tax Act, while interest under section 34 is taxable as income from other sources. Because the record did not conclusively show under which provision the interest was received, the factual position required verification. The matter was therefore remitted to the Assessing Officer to determine the nature of the interest and apply the correct tax treatment after giving the assessee a reasonable opportunity of hearing. en-us Fri, 21 Jun 2019 00:00:00 +0530 Sat, 04 Jul 2026 13:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469811 Interest on enhanced compensation under section 28 of the Land Acquisition Act forms part of compensation and is taxable under section 45(5) of the Income-tax Act, while interest under section 34 is taxable as income from other sources. Because the record did not conclusively show under which provision the interest was received, the factual position required verification. The matter was therefore remitted to the Assessing Officer to determine the nature of the interest and apply the correct tax treatment after giving the assessee a reasonable opportunity of hearing. Case-Laws Income Tax Fri, 21 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469811