Interest on Enhanced Compensation from Land Acquisition is Taxable: ITAT Delhi

Kuljeet Singh Vs ITO (ITAT Delhi) Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld the taxability of interest received as enhanced compensation from the compulsory acquisition of agricultural land, ruling it as “Income from other sources.” The decision, pronounced on May 1, 2025, in the case of Kuljeet Singh versus the Income Tax Officer (ITO), dismisses the assessee’s claim for exemption under Section 10(37) of the Income Tax Act, 1961. The appeal was filed by Kuljeet Singh against an order dated August 31, 2023, from the Commissioner of Income-tax (Appeals), NF...