https://www.taxtmi.com/caselaws?id=64542 Enhanced compensation on compulsory acquisition is taxable under section 45(5) only when it is finally received in a real and effective sense; where the enhancement remains under challenge and the amount is withdrawn subject to restitution risk, it is not taxed as capital gains in that year. The discussion also treats repeated, organised money-lending transactions as business activity: continuity, frequency, and the structured nature of lending can support assessment as business income even without a money-lending licence. On those principles, enhanced compensation was not brought to tax on receipt, while interest from the lending activity was assessable as business income. en-us Sat, 23 Sep 2000 00:00:00 +0530 Tue, 08 Feb 2011 14:58:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64542 Enhanced compensation on compulsory acquisition is taxable under section 45(5) only when it is finally received in a real and effective sense; where the enhancement remains under challenge and the amount is withdrawn subject to restitution risk, it is not taxed as capital gains in that year. The discussion also treats repeated, organised money-lending transactions as business activity: continuity, frequency, and the structured nature of lending can support assessment as business income even without a money-lending licence. On those principles, enhanced compensation was not brought to tax on receipt, while interest from the lending activity was assessable as business income. Case-Laws Income Tax Sat, 23 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64542