https://www.taxtmi.com/caselaws?id=797887 Interest received on enhanced compensation for compulsory acquisition of agricultural land is taxable as income from other sources under Sections 56(2)(viii) and 145B(1), rather than exempt under Section 10(37). Rectification under Section 154 is limited to mistakes apparent from the record and cannot be used to depart from binding jurisdictional precedent; a contrary coordinate-bench view does not override that precedent. Section 57(iv) requires a deduction of 50% of interest taxable under Section 56(2)(viii), so only the balance is taxable. The prescribed statutory deduction must be applied when computing taxable interest on enhanced compensation. en-us Tue, 14 Jul 2026 00:00:00 +0530 Sat, 29 Aug 2026 14:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797887 Interest received on enhanced compensation for compulsory acquisition of agricultural land is taxable as income from other sources under Sections 56(2)(viii) and 145B(1), rather than exempt under Section 10(37). Rectification under Section 154 is limited to mistakes apparent from the record and cannot be used to depart from binding jurisdictional precedent; a contrary coordinate-bench view does not override that precedent. Section 57(iv) requires a deduction of 50% of interest taxable under Section 56(2)(viii), so only the balance is taxable. The prescribed statutory deduction must be applied when computing taxable interest on enhanced compensation. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797887