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Interest on Enhanced agricultural Land acquisition Compensation Under Section 28 is Tax-Free
Case Law Details
- Case Name
- Mamraj Yadav Vs PCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Delhi
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Mamraj Yadav Vs PCIT (ITAT Delhi)
The central question in this case, Mamraj Yadav Vs PCIT heard by the Income Tax Appellate Tribunal (ITAT) Delhi, revolves around the taxability of interest received on enhanced compensation for land acquisition under Section 28 of the Land Acquisition Act, 1894. The Revenue argued, based on the Mahender Pal Narang and Inderjit Singh Sodhi cases, that this interest should be taxed as income from “other sources” under Section 56 of the Income Tax Act, 1961. Their logic cited previous instances where such interest was deemed taxable...
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