Land Acquisition Act: ITAT Rules Enhanced Compensation Interest Non-Taxable

Nitin Kumar Vs ITO (ITAT Delhi)

In the recent case of Nitin Kumar Vs ITO at ITAT Delhi, the tribunal ruled that the interest received under Section 28 of the Land Acquisition Act on enhanced compensation is part of the compensation, thereby not taxable.

In this case, the assessee, Nitin Kumar, had received interest on enhanced compensation due to compulsory acquisition of his agricultural land under Section 28 of the Land Acquisition Act 1894. The key point of contention was whether this i

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