Interest on enhanced compensation for acquisition of agricultural land by Government is exempt from tax. (AY.2011-12)
Opinder Singh Virk Pravesh Kumar Sharma. v. ITO (2019) 176 ITD 863 (Delhi)(Trib.)
S. 10(37) : Capital gains – Agricultural land – Interest received on enhanced compensation-Entitle to exemption. [S.45(5), Land Acquisition Act, S. 28]