Interest on Enhanced Compensation Classified as Income from Other Sources, Not Capital Gains Under Section 57(iv)

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....The ITAT held that interest on enhanced compensation is to be classified as income from other sources and not as long-term capital gain. The AO erred in assessing the interest under capital gains contrary to the Tribunal's clear direction. Consequently, the AO was directed to rectify the assessment under section 154 and treat the interest as income from other sources. Additionally, the assessee is entitled to claim a 50% deduction under section 57(iv) on such income. The Tribunal found the non-compliance by the AO to be a mistake apparent on the face of the record and allowed the assessee's appeal accordingly.....