https://www.taxtmi.com/caselaws?id=472237 Interest awarded under section 28 of the Land Acquisition Act forms part of enhanced compensation and, unlike section 34 interest for delayed payment, does not become income from other sources. Amendments governing taxation of compensation interest do not alter that character. Revisionary jurisdiction under section 263 is unavailable where the Assessing Officer specifically examined the issue and adopted a legally possible view on a debatable question. An audit objection alone cannot render the assessment erroneous and prejudicial to the Revenue, while an unreasoned dismissal of a special leave petition is not binding law. en-us Thu, 17 Apr 2025 00:00:00 +0530 Mon, 05 Oct 2026 19:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472237 Interest awarded under section 28 of the Land Acquisition Act forms part of enhanced compensation and, unlike section 34 interest for delayed payment, does not become income from other sources. Amendments governing taxation of compensation interest do not alter that character. Revisionary jurisdiction under section 263 is unavailable where the Assessing Officer specifically examined the issue and adopted a legally possible view on a debatable question. An audit objection alone cannot render the assessment erroneous and prejudicial to the Revenue, while an unreasoned dismissal of a special leave petition is not binding law. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472237