https://www.taxtmi.com/caselaws?id=472312 Interest awarded under section 28 of the Land Acquisition Act, 1894 is treated as an accretion to enhanced compensation rather than interest on delayed payment taxable as income from other sources under section 145A(b) read with section 56(2)(viii) of the Income-tax Act. It consequently forms part of enhanced compensation assessable as capital gains under section 45(5). Where an assessment adopts this plausible view, revisionary jurisdiction cannot be invoked merely because the revisionary authority prefers a different tax treatment. Revision treating such interest as income from other sources is invalid. en-us Fri, 16 Jun 2023 00:00:00 +0530 Wed, 07 Oct 2026 16:21:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472312 Interest awarded under section 28 of the Land Acquisition Act, 1894 is treated as an accretion to enhanced compensation rather than interest on delayed payment taxable as income from other sources under section 145A(b) read with section 56(2)(viii) of the Income-tax Act. It consequently forms part of enhanced compensation assessable as capital gains under section 45(5). Where an assessment adopts this plausible view, revisionary jurisdiction cannot be invoked merely because the revisionary authority prefers a different tax treatment. Revision treating such interest as income from other sources is invalid. Case-Laws Income Tax Fri, 16 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472312