https://www.taxtmi.com/caselaws?id=794463 Interest received on delayed compensation for compulsory acquisition of agricultural land was treated as part of the compensation itself, because the amount arose under sections 28 and 34 of the Land Acquisition Act and retained the character of the principal award. On that basis, it was held not to be independent interest income taxable under section 56(2)(viii) of the Income-tax Act, 1961. The receipt was regarded as an accretion to compensation, and the assessee was entitled to exemption under section 10(37) in relation to the agricultural land acquisition. en-us Tue, 30 Jun 2026 00:00:00 +0530 Mon, 06 Jul 2026 08:26:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794463 Interest received on delayed compensation for compulsory acquisition of agricultural land was treated as part of the compensation itself, because the amount arose under sections 28 and 34 of the Land Acquisition Act and retained the character of the principal award. On that basis, it was held not to be independent interest income taxable under section 56(2)(viii) of the Income-tax Act, 1961. The receipt was regarded as an accretion to compensation, and the assessee was entitled to exemption under section 10(37) in relation to the agricultural land acquisition. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794463