Held that interest received under section 28 of Land Acquisition Act, 1894 on enhanced compensation granted by reference court on acquisition of land is not taxable under section 56(2)(viii) of the Act. (AY. 2016-17)
Kusum Jayram Thakur Dhutum. v. ITO (2024) 207 ITD 237 (Pune) (Trib.)
S. 56 : Income from other sources-Interest-Enhanced compensation-Interest received under section 28 of Land Acquisition Act, 1894 on enhanced compensation granted by reference court on acquisition of land is not taxable under section 56(2)(viii) [S. 10(37) 56(2)(viii), Land Acquisition Act, 1894, S. 28]
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