https://www.taxtmi.com/caselaws?id=472311 Interest received on compensation or enhanced compensation is taxable on receipt basis under the head "Income from other sources," subject to the statutory deduction available for such interest. Post-Ghanshyam amendments specifically govern this treatment and prevent interest under the Land Acquisition Act from retaining the character of exempt compensation. Accordingly, interest on enhanced compensation for compulsory acquisition of agricultural land does not qualify for the agricultural-land compensation exemption and is not taxable as capital gains. en-us Thu, 11 May 2023 00:00:00 +0530 Wed, 07 Oct 2026 15:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472311 Interest received on compensation or enhanced compensation is taxable on receipt basis under the head "Income from other sources," subject to the statutory deduction available for such interest. Post-Ghanshyam amendments specifically govern this treatment and prevent interest under the Land Acquisition Act from retaining the character of exempt compensation. Accordingly, interest on enhanced compensation for compulsory acquisition of agricultural land does not qualify for the agricultural-land compensation exemption and is not taxable as capital gains. Case-Laws Income Tax Thu, 11 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472311