https://www.taxtmi.com/caselaws?id=471150 Interest awarded under Section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsory acquisition of agricultural land constitutes an accretion to the value of the acquired land. It forms an integral part of enhanced compensation, rather than interest for delayed payment. Provisions governing taxation and timing of interest receipts, including Sections 56(2)(viii), 57(iv) and 145A(b), do not alter that compensatory character. Consequently, Section 28 interest forms part of exempt enhanced compensation under Section 10(37) and is not taxable as income from other sources. 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=471150 Interest awarded under Section 28 of the Land Acquisition Act, 1894 on enhanced compensation for compulsory acquisition of agricultural land constitutes an accretion to the value of the acquired land. It forms an integral part of enhanced compensation, rather than interest for delayed payment. Provisions governing taxation and timing of interest receipts, including Sections 56(2)(viii), 57(iv) and 145A(b), do not alter that compensatory character. Consequently, Section 28 interest forms part of exempt enhanced compensation under Section 10(37) and is not taxable as income from other sources. Case-Laws Income Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471150