Income tax liability on compensation received from builder

Hi All,

I had purchased a plot in a gated community from a land developer in 2002 in Bangalore. As per sale agreement, he was supposed to develop amenities in layout. He did not do so I filed a consumer court case in 2008 against him asking for compensation as per sale agreement . Court gave a partial relief and directed to pay part of penality last year. Accordingly, I received part of compensation last financial year (i.e. 2014-15). It is less than 2 lakhs.

I would like to know whether I am liable to pay income tax on this amount.

Please let me know.

Thanks