https://www.taxtmi.com/caselaws?id=471153 Interest awarded under Section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsorily acquired agricultural land forms an accretion to the land value and is part of enhanced compensation, unlike Section 34 interest for delayed payment. The Finance (No. 2) Act, 2009 provisions governing taxation of compensation interest addressed timing and did not change the character of Section 28 interest. Where assessment followed enquiry into the receipt and exemption claim, acceptance of the claim was supported by the Supreme Court position or was at least a possible view on a debatable issue. Revision based only on an audit objection and a contrary High Court view lacking consideration of that position was unsustainable. en-us Wed, 02 Apr 2025 00:00:00 +0530 Sat, 22 Aug 2026 22:09:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471153 Interest awarded under Section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsorily acquired agricultural land forms an accretion to the land value and is part of enhanced compensation, unlike Section 34 interest for delayed payment. The Finance (No. 2) Act, 2009 provisions governing taxation of compensation interest addressed timing and did not change the character of Section 28 interest. Where assessment followed enquiry into the receipt and exemption claim, acceptance of the claim was supported by the Supreme Court position or was at least a possible view on a debatable issue. Revision based only on an audit objection and a contrary High Court view lacking consideration of that position was unsustainable. Case-Laws Income Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471153