Allowing the appeal of the assessee the Tribunal held that Interest received on enhanced consideration as per Land acquisition Act, 1894 is held to be not taxable . Followed CIT v. Ghanshyam(HUF) ( 2009) 315 ITR 1 (SC) ( ITA No. 7589/Del/2018 dt 27 -4 -2020 ) (AY. 2013-14)
Surender v .ITO ( 2020) BCAJ -June -P 43 ( Delhi) (Trib)
S. 10(37) : Capital gains – Agricultural land – Interest received on enhanced consideration as per Land acquisition Act, 1894 is held to be not taxable [ S .4, 56(2) (viii) Land Acquisition Act , 1894 , S 4, 28, 34 ]