Interest on Enhanced Land Acquisition Compensation Taxable Under Section 56(2)(viii), Not Exempt Under Section 10(37)

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....ITAT upheld the PCIT's revision under section 263, confirming that interest received on enhanced compensation under section 28 of the Land Acquisition Act is taxable under section 56(2)(viii) read with section 145B(1) as "income from other sources," not exempt under section 10(37). The AO's order was deemed erroneous and prejudicial to revenue as it failed to follow binding precedents established in Mahender Pal Narang and Puneet Singh decisions. The Tribunal confirmed that section 10(37) applies only to compensation, not interest on compensation, and that the PCIT correctly directed re-computation allowing deduction under section 57(iv).....