https://www.taxtmi.com/caselaws?id=470561 Interest awarded under Section 28 of the Land Acquisition Act, 1894 is characterised as an accretion to the value of compulsorily acquired land and forms part of enhanced compensation, unlike Section 34 interest, which compensates for delayed payment. Provisions governing taxation of interest on compensation address the timing of taxation and do not change the character of Section 28 interest. Accordingly, Section 28 interest on enhanced compensation for compulsorily acquired agricultural land is not assessable as income from other sources and qualifies for the consequential exemption applicable to such acquisition. en-us Mon, 24 Mar 2025 00:00:00 +0530 Fri, 31 Jul 2026 08:27:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470561 Interest awarded under Section 28 of the Land Acquisition Act, 1894 is characterised as an accretion to the value of compulsorily acquired land and forms part of enhanced compensation, unlike Section 34 interest, which compensates for delayed payment. Provisions governing taxation of interest on compensation address the timing of taxation and do not change the character of Section 28 interest. Accordingly, Section 28 interest on enhanced compensation for compulsorily acquired agricultural land is not assessable as income from other sources and qualifies for the consequential exemption applicable to such acquisition. Case-Laws Income Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470561