Taxability of Interest income - interest received u/s. 28 of Land Acquisition Act, 1894 - the interest...

Taxability of Interest income - interest received u/s. 28 of Land Acquisition Act, 1894 - the interest granted by the reference Court u/s. 28 of the Land Acquisition Act from the date of possession of land till the date of judgment of High Court is an accretion of the value of the land acquired, not chargeable to tax. Thus, we reject the arguments that the principle laid down in the context of motor accident claims is not applicable to the present facts of the case. - AT .....

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