Held that interest on enhanced compensation for acquisition of agricultural land is a capital receipt and not chargeable to tax. Followed, UOI v. Hari Singh (C.A. No. 15041/2017 dt 15-9-2017)(SC). (dt. 12-4-2021) (AY. 2014-15).
Narinder Kumar v. ITO (2021) BCAJ-June-P. 27 (Delhi)(Trib.)
S. 56 : Income from other sources-Acquisition of Agricultural land-Interest on enhanced compensation-Capital receipt-Not chargeable to tax. [S. 4, 56(2)(viii), 57(iv)]