https://www.taxtmi.com/caselaws?id=795686 Interest awarded under Section 28 of the Land Acquisition Act on enhanced compensation for compulsorily acquired agricultural land is treated, within the applicable territorial jurisdiction, as part of the enhanced compensation rather than income from other sources. The jurisdictional Bombay Bench view was preferred over the contrary Aurangabad Bench view because the acquired land and assessing officers fell within the former's territorial jurisdiction. Accordingly, the interest was not taxable under Section 56(2)(viii) read with Section 145A(b), and additions representing part of that interest were deleted. Delay in filing the connected appeals was condoned upon bona fide explanations of late awareness of appellate orders. en-us Mon, 15 Jun 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795686 Interest awarded under Section 28 of the Land Acquisition Act on enhanced compensation for compulsorily acquired agricultural land is treated, within the applicable territorial jurisdiction, as part of the enhanced compensation rather than income from other sources. The jurisdictional Bombay Bench view was preferred over the contrary Aurangabad Bench view because the acquired land and assessing officers fell within the former's territorial jurisdiction. Accordingly, the interest was not taxable under Section 56(2)(viii) read with Section 145A(b), and additions representing part of that interest were deleted. Delay in filing the connected appeals was condoned upon bona fide explanations of late awareness of appellate orders. Case-Laws Income Tax Mon, 15 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795686