Interest on Compensation u/ss 28 & 34 of Land Acquisition Act Exempt from Taxation Per Section 10(37) IT Act.

Interest received on compensation/enhanced compensation u/s 28 and 34 of the Land Acquisition Act - The compensation being exempt u/s 10(37) of the Act is not disputed. In view of the same the order passed by the CIT(Appeals) upholding the addition made by the AO on account of interest on enhanced compensation is, not sustainable. .....

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