The AO disallowed the claim of deduction @ 50% under section 57(iv) of the Act  in respect of interest recived on enhanced compensation on the ground that as the assessee is in the business of real estate the interest income arising from compulsory acquisition of property is taxable under the head  profit and gains of business and profession (PGBP)  and not income from other sources. CIT (A) up held the disallowance .On appeal the Tribunal held that in view of overriding nature of provisions of Section 56(2)(viii), assessee’s nature of business was of no relevance, and, consequently, assessee was entitled to statutory deduction under Section 57(iv) in respect of interest received on enhanced compensation for compulsory acquisition of property.  Assessable as income from other sources  and not as business income .(AY. 2015-16)