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2017 (1) TMI 326 - AT - Income TaxEnhanced compensation received by assessee would be taxable as ‘income from other sources’ - Held that:- Interest received u/s. 28 of the Land Acquisition Act, 1894 is nothing but enhanced compensation on the lands acquired. Since the lands are agricultural lands originally, the compensation is exempt u/s. 10(37). In view of that, we uphold the claims of assessee and the grounds are considered allowed. AO is directed to grant exemption as claimed. See Movaliya Bhikhubhai Balabhai Versus Income Tax Officer - TDS - 1 - Surat & 1 [2016 (5) TMI 488 - GUJARAT HIGH COURT ]
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