https://www.taxtmi.com/caselaws?id=471217 Interest awarded under section 28 of the Land Acquisition Act on enhanced compensation for compulsory acquisition of agricultural land is treated as an accretion to the land's value and forms part of enhanced compensation. It differs from interest under section 34, which compensates for delayed payment. Provisions governing taxation and timing of interest on compensation receipts do not alter the capital character of section 28 interest. Consequently, section 28 interest qualifying as enhanced compensation is eligible for exemption available for compulsory acquisition of agricultural land and is not taxable as income from other sources. en-us Thu, 03 Apr 2025 00:00:00 +0530 Tue, 25 Aug 2026 18:57:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471217 Interest awarded under section 28 of the Land Acquisition Act on enhanced compensation for compulsory acquisition of agricultural land is treated as an accretion to the land's value and forms part of enhanced compensation. It differs from interest under section 34, which compensates for delayed payment. Provisions governing taxation and timing of interest on compensation receipts do not alter the capital character of section 28 interest. Consequently, section 28 interest qualifying as enhanced compensation is eligible for exemption available for compulsory acquisition of agricultural land and is not taxable as income from other sources. Case-Laws Income Tax Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471217