https://www.taxtmi.com/caselaws?id=62990 Interest on enhanced compensation under the Land Acquisition Act, 1894 is taxable on an accrual basis year-wise, not as a single sum merely because it is received in one assessment year. The interest component was treated as distinct from the compensation itself and, where it is quantified for a span of years, only the portion referable to the relevant previous year can be assessed in that year. The remaining interest is taxable in the years to which it relates. Accordingly, taxability was confined to the interest finally determined for the relevant year. en-us Fri, 25 Jun 1982 00:00:00 +0530 Thu, 27 Jan 2011 11:07:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62990 Interest on enhanced compensation under the Land Acquisition Act, 1894 is taxable on an accrual basis year-wise, not as a single sum merely because it is received in one assessment year. The interest component was treated as distinct from the compensation itself and, where it is quantified for a span of years, only the portion referable to the relevant previous year can be assessed in that year. The remaining interest is taxable in the years to which it relates. Accordingly, taxability was confined to the interest finally determined for the relevant year. Case-Laws Income Tax Fri, 25 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62990