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2023 (6) TMI 1070 - AT - Income TaxExemption u/s 10(37) - interest received by the assessee on enhanced compensation u/s 28 of the Land Acquisition Act, 1984 - whether taxable being part of compensation? - HELD THAT:- As authorities below have treated interest received by the assessee on enhanced compensation u/s 28 of the Land Acquisition Act, 1984 as ‘Income from other sources’ and denied exemption u/s 10(37) of the Act. The facts and circumstances of the present case are identical and similar to the case of Ram Kishan I [2020 (12) TMI 1244 - ITAT DELHI] wherein Tribunal categorically held that the interest received by the assessee u/s 28 of the Land Acquisition Act, 1984 on enhanced compensation is part and parcel of the compensation, if the agricultural land of the assessee has been acquired under compulsory acquisition and, thus, the same is exempt income u/s 10(37) of the Act. Appeal of the assessee is allowed.
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