Lakshmamma (Smt.) v. ITO (2020) 182 ITD 408 (Bang.)(Trib.)

S. 10(37) : Capital gains-Agricultural land-With in specified urban limits-Interest received on enhanced compensation-Eligible for exemption. [Land Acquisition Act, 1894, S.28 ]

Allowing the appeal of the assessee the Tribunal held that interest received on enhanced compensation awarded  in terms of S. 28 Of Land Acquisition Act, 1894 is exempt.  (AY. 2015-16)